Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Floating Speed Boat has completed its journal entries for the month of August and posted them to the general ledger. Based on the ledger balances,
Floating Speed Boat has completed its journal entries for the month of August and posted them to the general ledger. Based on the ledger balances, an adjusted trial balance has been prepared. The following adjustments must be made at the end of August.
Aug Depreciation on equipment for the month is $
Aug Prepaid rent of $ has been used up this month.
Aug Interest of $ accrued on the bank loan.
Aug Unearned revenue of $ has now been earned.
Required
Complete the worksheet.
Do not enter dollar signs or commas in the input boxes.
Select the proper order for the headings of the worksheet.
Answer
Floating Speed Boat
Answer
Worksheet
Answer
August
Unadjusted Trial Balance Adjustments Adjusted Trial Balance
Account DR CR DR CR DR CR
Cash Answer
Answer
Answer
Answer
Accounts Receivable Answer
Answer
Answer
Answer
Prepaid Rent Answer
Answer
Answer
Answer
Equipment Answer
Answer
Answer
Answer
Accumulated Depreciation Answer
Answer
Answer
Answer
Accounts Payable Answer
Answer
Answer
Answer
Interest Payable Answer
Answer
Answer
Answer
Unearned Revenue Answer
Answer
Answer
Answer
Bank Loan Answer
Answer
Answer
Answer
Stallone, Capital Answer
Answer
Answer
Answer
Stallone, Withdrawals Answer
Answer
Answer
Answer
Service Revenue Answer
Answer
Answer
Answer
Advertising Expense Answer
Answer
Answer
Answer
Depreciation Expense Answer
Answer
Answer
Answer
Rent Expense Answer
Answer
Answer
Answer
Interest Expense Answer
Answer
Answer
Answer
Salary Expense Answer
Answer
Answer
Answer
Total Answer
Answer
Answer
Answer
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
Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes
5th Edition
0470251395, 978-0470251393
