Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

given these trial balances (photo 1) how do you properly fill out the worksheet (photo 2) Exercise 4-01 The trial balance columns of the worksheet

given these trial balances (photo 1) how do you properly fill out the worksheet (photo 2) image text in transcribed
image text in transcribed
Exercise 4-01 The trial balance columns of the worksheet for Crane Company Crane Company Worksheet For the Month Ended June 30, 2020 Trial Balance Account Titles Dr. Cr. Cash 2,100 Accounts Receivable 2,400 Supplies 1,900 Accounts Payable 1,100 Unearned Service Revenue 390 Owner's Capital 2,720 Service Revenue 3,000 Salaries and Wages Expense Miscellaneous Expense 220 Total 7,210 7,210 590 Other data: 1. 2. 3. A physical count reveals $500 of supplies on hand. $130 of the unearned revenue is still unearned at month-end. Accrued salaries are $160. CALCULATOR PRINTER VERSION BACK CRANE COMPANY Worksheet June 30, 2020 Adj. Trial Balance Account Titles Trial Balance Adjustments Income Statement Cash 2,100 Accounts Receivable 2.400 Supplies 1,900 Accounts Payable 1,100 390 Uneared Service Revenue Owner's Capital 2,720 3,000 Service Revenue 590 Salaries and Wages Expense Miscellaneous Expense 220 7,210 22210 Totals Supplies Expense Salaries and Wages Payable Totals Net Income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ecology, Sustainable Development And Accounting

Authors: Seleshi Sisaye

1st Edition

0415816351, 9780415816359

More Books

Students also viewed these Accounting questions

Question

List at least three advantages to using a consultant.

Answered: 1 week ago