Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I want to fix the ones I got wrong. The following data are taken from the unadjusted trial balance of the Westcott Company at December
I want to fix the ones I got wrong.
The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Each account cames a normal balance and the accounts are shown here. Accounts Payable Accounts Receivable Accumulated Depreciation-Equip. Cash Equipment Prepaid Insurance Revenue Salaries Expense Supplies Common stock Retained earnings Dividends Unearned Revenue Utilities Expense 12 15 21 39 18 75 18 24 10 32 12 12 Use the following adjustment Information to complete the ten-column work sheet a. Depreciation on equipment. $3 b. Accrued salaries, $6 c. The $12 of unearned revenue has been earned d. Supplies available at December 31, $15 e. Expired Insurance $15 WESTCOTT COMPANY December 31 Adjusted Adjustments Trial Balance Balance Sheet Income Statement Unadjusted Trial Balance Next 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