Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

P4-38. Using the following trial balance and adjustment date for Vivam's Repair Co. of Windsor prepare 1. A worksheet for October 2. An income statement

image text in transcribed
P4-38. Using the following trial balance and adjustment date for Vivam's Repair Co. of Windsor prepare 1. A worksheet for October 2. An income statement for October, statement of owner's equity for October, and a balance sheet as of October 31, 2022 Adjustment Data a. One quitter of the prepaid insurance has expired. b. Repas supplies on hand, 5295 Depreciation on repair equipment is based on the straight line approach, with a 10 year life and a residual value of $1,200. d. Depreciation on building is also straight-line, 30-year life, and no setidual value 6. Wages earned but unpaid amounted to 76 hours at $10 per hour at month-end. VIVIAN'S REPAIR CO. TRIAL BALANCE OCTOBER 31, 2022 Casti Prepaid Insurance Repair Supplies Repair Exquipment Building Ascomated Accumulated Depreciation Building Accounts Payable Vivian Hunter Capital Vivian Hunter Withdwal Repair Tees Revenue Was per Utilities Expense Adhig Eapers Total DE CE 302600 38900 10400 846000 Soooo00 59 52.00 12 so00 202000 65000 140000 206 Soo 109000 100 149200 9914600 9096600

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_2

Step: 3

blur-text-image_3

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 Accounting Information For Decisions

Authors: Robert w Ingram, Thomas L Albright

6th Edition

9780324313413, 324672705, 324313411, 978-0324672701

More Books

Students also viewed these Accounting questions

Question

Contrast Plato with Aristotle in their approaches to knowledge.

Answered: 1 week ago

Question

Who will receive the final evaluation?

Answered: 1 week ago