Question
From the following trial balance and adjustment data, complete a worksheet for J. Tiger as of July 31, 201X: Complete the worksheet one section at
From the following trial balance and adjustment data, complete a worksheet for J. Tiger as of July 31, 201X:
Complete the worksheet one section at a time, beginning with the Adjustments columns. When completing the Adjustments column, enter a posting reference along with each debit or credit amount that corresponds to the letter of the adjusting entry (a., b., c., etc.) For the Income Statement and Balance Sheet columns, remember to include the net income or loss after the totals and then total the columns again. (Leave unused cells blank. Do not enter a "0" for any zero balances.)
Adjustment data:
a. Depreciation expense, store equipment, $10. b. Insurance expired, $7. Store supplies on hand $6. d. Wages owed, but not paid for they are an expense in the old year), 54. C. J. Tiger Worksheet Month Ended July 31, 2018 Trial Balance Adjustments Dr. Cr. Dr. Cr. Account Titles 13 7 13 8 25 Cash Accounts Receivable Prepaid Insurance Store Supplies Store Equipment Accumulated Depreciation, Store Equipment Accounts payable J. Tiger, Capital J. Tiger, Withdrawals Revenue from Clients Rent Expense Wage Expense 4 36 10 42 10 2 d. 88 Totals 88 Depreciation Expense, Store Equipment Insurance Expense Store Supplies Expense Wages Payable TotalsStep by Step Solution
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