Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

no- handwritten make the table big I can't see the whole table Epicenter Laundry Uradstod Balance June 20, 2013 Crede Balances Dobit Elancas 11.000 21,500

no- handwritten make the table big I can't see the whole table
image text in transcribed
Epicenter Laundry Uradstod Balance June 20, 2013 Crede Balances Dobit Elancas 11.000 21,500 9,600 232.600 Cash Laundry Supplies Prepaid Insurance Laundry Equipment Accumulated Depreciation. Accounts Payable Sophie Perez, Capital Sophie Perez, Drawing Laundry Revenue Wages Expense Rent Expense Utilities Expense Miscellaneous Expense 125,400 11.800 105 600 10,000 2322200 125.200 40.000 19,700 495.000 45.000 The data needed to determine year-end adjustments are as follows: a. Laundry supplies on hand at June 30 are $3,649. b. Insurance premiums expired during the year are $5.700. c. Depreciation of laundry equipment during the year is $6,500. d. Wages accrued but not paid at June 30 are $1 100, Instructions 1. For each acent listed in the unadjusted trial balance enter the balance in a T account Identify the balance as June 2o Ral. In additio, ad T amounts for Pages Payable. Depreciation Expense, Laundry Supplies Expense, and Insurance Expense. 2 pronal) Enter the unadjusted trial balance on an end-of-pered spreadsheet and complete the spreadsheet Add the accounts listed in part (1) as needed Journalize and post the adjusting entries. Identify the adjustments as "Ad and the new balances as "Adj. Bal." 1. Prepare an adjusted trial balance. 5. Prepare an incre statement, a statement of uwen equity (no additional investments were made during the year, and a balance sheet 6 Journalize and post the closing entries. Tdentify the closing entries as c 7. Prepare a post casing trial balance

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

Financial & Managerial Accounting

Authors: Carl S. Warren

10th Edition

0324663811, 9780324663815

More Books

Students also viewed these Accounting questions