Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

List of Adjustments The following entries are in addition to the entrie! from Monopoly: Payment to the Gas & Electric Company for bill - $15525

image text in transcribed

image text in transcribed

List of Adjustments The following entries are in addition to the entrie! from Monopoly: Payment to the Gas & Electric Company for bill - $15525 Payment of employee wages $231,880 Payment of cleaning fee - $20750 Purchased Supplies on account for $65,250 Used insurance for the month $35,750 Paid $35,000 for Advertising Paid $130,000 on Accounts Payable Performed services on Unearned Revenue for $75,000 - Acct ACCOUNT NAME Cash Accounts Receivable Office Supplies Prepaid Insurance Land Equipment Acc. Dep-Equipment Accounts Payable Utilities Payable Interest Payable Unearned Revenue Notes Payable Capital Withdrawals Service Revenue Salaries Expense Rent Expense Utilities Expense Advertising Expense Supplies Expense Insurance Expense Interest Expense Dep. Exp-Equipment Financial Worksheet Unajusted Trial Balance Adjustments Adjusted Trial Balance income Matement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 15,000,000 sas 35,000 125.000 40,000 325,000 TTTT 1,640,000 TTTT 545,000 575,000 250 20,000 45,000 75,000 15.000 T 80,000 18,700,000 75,000 250,000 175.000 875,000 291,880 62,500 325.000 1552 15,000 25,000 450,000 147,500 300,000 875,000 1 T Total: 20,290,000 20,290,000 Total

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

Information For Decision Making Readings In Cost And Managerial Accounting

Authors: Alfred Rappaport

2nd Edition

0134643887, 978-0134643885

More Books

Students also viewed these Accounting questions

Question

What were some of the team roles at Casper?

Answered: 1 week ago

Question

What were some of the team norms at Casper?

Answered: 1 week ago