mathxl.com/Student/Player Homework.aspx?homework/d=590426489&questionid=10&flushed=true&cid=6402429¢erwinyes ACCT 2300 Huston - Financial Accounting Spring 2021 Online Sergio Saenz & | 02/13/21 7:47 PM Homework: HW Ch 3 Save Score: 0 of 1 pt 8 of 10 (6 complete) HW Score: 57.89%, 5.79 of 10 pts P3-60A (similar to) Question Help Consider the unadjusted trial balance of Royals, Inc. at December 31, 2020, and the related month-end adjustment data. (Click the icon to view the month-end adjustment data) Requirements 1. Prepare the adjusted trial balance of Royals, Inc. at December 31, 2020. The unadjusted balances have been entered for you. Key each adjusting entry by letter 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet. Requirement 1. Using the worksheet, prepare the adjusted trial balance of Royals, Inc., at December 31, 2020. The unadjusted balances have been entered for you. Key each adjusting entry by letter Calculate the total debits and credits. Then calculate the adjusted balance of each account and total the debit and credit columns in the adjusted trial balance. Royals, Inc. Trial Balance Work Sheet December 31, 2020 Trial Balance Adjustments Credit Account Debit Debit Credit Cash Accounts receivable Prepaid rer Supplies 8,300 1,100 3,600 2,000 54,000 Furniture Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts chal ACCT 2300 Huston - Financial Accounting Spring 2021 Online Sergio Saenz | 02/13/21 7:48 PM Homework: HW Ch 3 Sav core: 0 of 1 pt 8 of 10 (6 complete) HW Score: 57.89%, 5.79 of 10 3-60A (similar to) Question Help Consider the unadjusted trial balance of Royals, Inc. at December 31, 2020, and the related month-end adjustment data. Click the icon to view the month-end adjustment data) Requirements 1. Prepare the adjusted trial balance of Royals, Inc. at December 31, 2020. The unadjusted balances have been entered for you. Key each adjusting entry by letter. 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet. Accumulated depreciation-furniture 3.000 Accounts payable 3.700 Salary payable Common stock 8,000 Retained earnings 33,550 Dividendo 4,100 Service revenue 28.900 Salary expense 3,500 Rent expense Utilities expense 550 Depreciation expense-furniture Supplies expense Total 77,150 77.150 Choose from any list or enter any number in the input fields and then click Check Answer 5 parts remaining Clear All Check Answer SI More Info - X an Adjustment data at December 31, 2020: a. Accrued service revenue at December 31, $3,980. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $3,600 relates to the period December 1, 2020 through February 28, 2021. c. Supplies used during December, $1.700. d. Depreciation on furniture for the month. The estimated useful life of the furniture is five years. e. Accrued salary expense at December 31 for Monday, Tuesday and Wednesday. The five-day weekly payroll of $23,000 will be paid on Friday. For the purpose of this calculation, assume December 31 falls on a Wednesday. Print Done 28,900
