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Only need to answer the first picture's question, Complete Problem 4-2B on page 299 and match the correct amount/balance to the account. The adjusted Equipment
Only need to answer the first picture's question,
Complete Problem 4-2B on page 299 and match the correct amount/balance to the account. The adjusted Equipment Rental Expense balance at December 31, 2020 Choose... The adjusted Accumulated Depreciation - Automobile balance at December 31, 2020 Choose... $610 Credit Profit/Loss $6,200 Debit $2,860 Credit The adjusted Unearned Revenue balance at December 31 2020 $1,110 Loss $1,110 Profit The adjusted Accounts Payable balance at December 31, 2020 $980 Credit $610 Debit $5,740 Credit $2,200 Credit $5,280 Credit $2,860 Debit $4,200 Debit Problem 4-2B Completing a work sheet-profit L01 eXcel CHECK FIGURE: 3. Adjusted trial balance columns = $83,310 The December 31, 2020, unadjusted trial balance for Tucker Photographers after the first month of operations is shown below: Tucker Photographers Trial Balance.xlsx More Inart Page Layout Mamul Due Vi P18 A B Tucker Photographers 2. Unadjusted Trial Balance 3 December 31, 2020 4 Unadjusted 5 Trial Balance 6 Account Dr. Cr. 7 Cash $ 4,100 B Accounts receivable 13,000 9 Prepaid equipment rental 3,860 10 Automobile 44,000 11 Accumulated depreciation, automobile $ -0 12 Accounts payable 1.920 13 Uneamed revenue 5,740 14 Jim Tucker, capital 65,700 15 Jim Tucker, withdrawals 2,600 16 Service revenue 8,400 17 Depreciation expense, automobile -0- 18 Equipment rental expense 4,200 19 Totals $ 81,760 $ 81,760 Required 1. Enter the unadjusted trial balance onto a work sheet. 2. Using the following additional information, enter the adjustments into the work sheet. a. It was determined that $2,000 of the balance in the Prepaid Equipment Rental account had been used during December b. Depreciation on the automobile for the month of December was $610. c. Accrued utilities expense of $940 was unrecorded at December 31. d. $460 of the Unearned Revenue account had been earned by December 31. 3. Complete the work sheet. 4. Calculate the balance in the capital account as it would appear on the December 31, 2020, balance sheet. Analysis Component: What effect does a profit have on the balance sheetStep by Step Solution
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