Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exercise 4-1 The trial balance columns of the worksheet for Nanduri Company at June 30, 2019, are as follows. Nanduri Company Worksheet For the Month
Exercise 4-1 The trial balance columns of the worksheet for Nanduri Company at June 30, 2019, are as follows. Nanduri Company Worksheet For the Month Ended June 30, 2019 Trial Balance Account Titles Dr. Cr. Cash 2,320 Accounts Receivable 2,440 Supplies 1,880 Accounts Payable 1,120 Unearned Service Revenue 240 Common Stock 3,600 Service Revenue 2,400 Salaries and Wages Expense 560 Miscellaneous Expense 160 7,360 7,360 Other data: 1. 2. 3. A physical count reveals $500 of supplies on hand. $100 of the unearned revenue is still unearned at month-end. Accrued salaries are $210. Complete the worksheet. NuUULUMPally Worksheet Trial Balance Adjustments Dr Account Titles Adj. Trial Balance Cr. Income Statement Dr Balance Sheet Cr. Dr Cr. Dr Dr Cash 2,320 Accounts Receivable 2,440 Supplies 1,880 Accounts Payable 1,120 Unearned Service Revenue 240 Common Stock 3,600 Service Revenue 2,400 Salaries and Wages Expense 560 Miscellaneous Expense 160 Totals 7,360 7,360 Supplies Expense Salaries and Wages Payable Totals Net Income Totals
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started