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Exercise 4-01 The trial balance columns of the worksheet for Ivanhoe Company at June 30, 2020, are as follows. Dr. Ivanhoe Company Worksheet For the
Exercise 4-01 The trial balance columns of the worksheet for Ivanhoe Company at June 30, 2020, are as follows. Dr. Ivanhoe Company Worksheet For the Month Ended June 30, 2020 Trial Balance Account Titles Cr. Cash 2,200 Accounts Receivable 2,700 Supplies 2,000 Accounts Payable 1,000 Unearned Service Revenue 420 Owner's Capital 2,780 Service Revenue 3,600 Salaries and Wages Expense 660 Miscellaneous Expense 240 Total 7,800 7,800 Other data: 1. A physical count reveals $400 of supplies on hand. 2. $120 of the unearned revenue is still unearned at month-end. 3. Accrued salaries are $220. Complete the worksheet. IVANHOE COMPANY Worksheet Account Titles Trial Balance Dr Cr. 2,200 Adjustments Dr Adj. Trial Balance Dr Income Statement Dr Cr. Balance Sheet Dr Cash Accounts Receivable 2,700 Supplies 2,000 Accounts Payable 1,000 Unearned Service Revenue 420 Owner's Capital 2,780 Service Revenue 3,600 Salaries and Wages Expense 660 Miscellaneous Expense 240 7,800 Totals 7,800 Supplies Expense Salaries and Wages Payable Totals Net Income Totals Click if you would like to Show Work for this question: Open Show Work
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