Question
he Trial Balance of the Printer Repair Company at December 31, 2018, contains the following account balances listed in alphabetical order to increase your skill
he Trial Balance of the Printer Repair Company at December 31, 2018, contains the following account balances listed in alphabetical order to increase your skill in sorting amounts to the proper work sheet columns.
Using these account balances and the following additional information, how do you create work sheet for Printer Repair Company. Arrange the accounts in their approximate usual order.
- Supplies on hand at December 31, 2018, have a cost of $1,800.
- The balance in the Prepaid Insurance account represents the cost of a two-year insurance policy covering the period from January 1, 2018, through December 31, 2019.
- The estimated lives of depreciable assets are buildings, 30 years, and equipment, 15 years. No salvage values are anticipated.
Format your worksheet as shown in Exhibit 4.2 below:
ATTACHMENT PREVIEW
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4-6.png
PRINTER REPAIR COMPANY
Trial Balance Account Balances
December 31, 2018
Accounts Payable
$ 41,000
Accounts Receivable
92,000
Accumulated Depreciation-Buildings
25,000
Accumulated Depreciation-Equipment
9,000
Buildings
150,000
Capital Stock
65,000
Cash
41,000
Equipment
45,000
Prepaid Insurance
3,600
Retained Earnings, January 1, 2018
4,800
Salaries Expense
96,000
Service Revenue
290,000
Supplies on Hand
4,000
Utilities Expense
3,200
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