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EXERCISES (Excel templates for all questions are available in My AccountingLab. Working papers fo select questions are available in the print IWorkbook.) E4-1A Complete the
EXERCISES (Excel templates for all questions are available in My AccountingLab. Working papers fo select questions are available in the print IWorkbook.) E4-1A Complete the following table. Set A Found on Which Financial Statement(e) Normal Balance Category Account Accounts Payable Prepaid Rent Office Equipment Depreciation Expense B. Reel, Capital B. Reel, Withdrawals Office Supplies Accumulated Depreciation E4-2A From the following adjustment data, calculate the adjustment amount and record es appropriate debits or credits: Supplies purchased, $700; Supplies Assume there was a zero balance at the beginning of the month. b. Store equipment, $12,000; Accumulated depreciation before adjustment, $900; Depreciation expense, $200 hand at the end of the month, $200. a. on E4-3A From the following trial balance and adjustment data, complete a worksheet for J.Revere as of December 31, 2020 Depreciation expense, store b. Insurance expired, $3.00 a. equipment, $6.00 c. Store supplies on hand, $5.00 d. Wages owed but not paid, $8.00 (they are an expense in the old year) J. REVERE TRIAL BALANCE DECEMBER 31, 2020 Dr. Cash Accounts Receivable Cr. 400 10 00 Prepaid Insurance Store Supplies Store Equipmenr Accumulated Depreciation, Store Equipment 7 00 10 00 2000 6 00 Accounts Payable 1200 JRevere, Capital J Revere, Withdrawals 600 300 Revenue from Clients 4 600 Rent Expense Wage Expense 9 00 7 00 70 00 70 00 E4-4A From the completed worksheet in Exercise E4-3A, prepare the following a. An income statement for December b. A statement of owner's equity for December c. A balance sheet as of December 31, 2020
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