Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

P4-31A Completing the accounting cycle from adjusting entries to post-dosing Learni 4, 5, 6 trial balance with an optional worksheet The unaiheted trial balance of

image text in transcribed
image text in transcribed
P4-31A Completing the accounting cycle from adjusting entries to post-dosing Learni 4, 5, 6 trial balance with an optional worksheet The unaiheted trial balance of Williamson Anvils at December 31, 2016, and the data for the adjustments follow: WILLIAMSON ANVILS Unadjusted Trial Balance December 31, 2016 Debit 16.310 Cash 16,500 Accounts Receivable 2,530 Office Supplies s 10,000 Accumulated Depreciation Equipment Salaries Payable Unearned Revenue 16 000 12,000 Retained Earnings Service Revenue Salaries Expense Depreciation Expense Equipment Supplies Expense S72300 $72,300 Total Adjustment data $3,300. a. Unearned Revenue still unearned at December 31, b. Prepaid Rent still in force at Docember 31, $2,400. office supplies used, $1,200. d. Depreciation, $350 e. Accrued Salaries Expense at December 31, $230. Requirements unadjusted trial balance. 1. open the Taccounts using the balances in the 2. Complete the worksheet for the year ended December 31, 2016. optional) 3. Prepare the adjusting entries, and post to the accounts. 4. Prepare an adjusted trial balance. eamings, and the class 5. Prepare the income statement, the statement of retained balance sheet in report form

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions