Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Improv Club (1) features entertaining Improvisational theatre performances. The theatre features a range of shows and talented performers. IC prepares financial statements on an annual

image text in transcribed

Improv Club (1) features entertaining Improvisational theatre performances. The theatre features a range of shows and talented performers. IC prepares financial statements on an annual basis. The following year-end accounts as of December 31, 2020 are listed In alphabetical order and have normal balances. Accumulated depreciation, equipment Depreciation expense, equipment Equipment Insurance expense Nick Stils, capital Nick Stils, withdrawal. Prepaid insurance Berit expense Salaries expense Supplies Supplier expense Ticket devenue Uneamed revenue 5 17,575 65,000 5,230 64,300 5,040 137,900 34,750 10.580 66,000 45,000 3.000 8.400 147,325 6.000 Required 1-a. Prepare an adjusted trial balance as at December 31, 2020, IMPROV CLUB Adjusted Trial Balance December 31, 2020 Account Debit Credit Improv Club (1) features entertaining Improvisational theatre performances. The theatre features a range of shows and talented performers. IC prepares financial statements on an annual basis. The following year-end accounts as of December 31, 2020 are listed In alphabetical order and have normal balances. Accumulated depreciation, equipment Depreciation expense, equipment Equipment Insurance expense Nick Stils, capital Nick Stils, withdrawal. Prepaid insurance Berit expense Salaries expense Supplies Supplier expense Ticket devenue Uneamed revenue 5 17,575 65,000 5,230 64,300 5,040 137,900 34,750 10.580 66,000 45,000 3.000 8.400 147,325 6.000 Required 1-a. Prepare an adjusted trial balance as at December 31, 2020, IMPROV CLUB Adjusted Trial Balance December 31, 2020 Account Debit Credit

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

The Internal Auditing Handbook

Authors: K. H. Spencer Pickett

1st Edition

0471969117, 978-0471969112

More Books

Students also viewed these Accounting questions