Question
Exercise 4-01 The trial balance columns of the worksheet for Sandhill Company at June 30, 2020, are as follows. Sandhill Company Worksheet For the Month
Exercise 4-01 The trial balance columns of the worksheet for Sandhill Company at June 30, 2020, are as follows. Sandhill Company Worksheet For the Month Ended June 30, 2020 Trial Balance Account Titles Dr. Cr. Cash 2,100 Accounts Receivable 2,600 Supplies 2,000 Accounts Payable 1,000 Unearned Service Revenue 390 Owners Capital 3,060 Service Revenue 3,000 Salaries and Wages Expense 580 Miscellaneous Expense 170 Total 7,450 7,450 Other data: 1. A physical count reveals $700 of supplies on hand. 2. $140 of the unearned revenue is still unearned at month-end. 3. Accrued salaries are $250. Complete the worksheet. SANDHILL COMPANY Worksheet Account Titles Trial Balance Adjustments Adj. Trial Balance Income Statement Balance Sheet Dr Cr. Dr Cr. Dr Cr. Dr Cr. Dr Cr. Cash 2,100 Accounts Receivable 2,600 Supplies 2,000 Accounts Payable 1,000 Unearned Service Revenue 390 Owner's Capital 3,060 Service Revenue 3,000 Salaries and Wages Expense 580 Miscellaneous Expense 170 Totals 7,450 7,450 Supplies Expense Salaries and Wages Payable Totals Net Income Totals
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