P8-2A

Waltz Company

Trial Balance

December 31,2023

DR. CR

Cash. 5,408

Petty Cash. 240

Accounts Receivable. 2,512

Inventory. 5,092

Prepaid Rent. 616

Office Supplies. 944

Office Equipment. 9,280

Accumulated Depr.,

Office Equipment. 7,600

Accounts Payable. 5,964

K.Waltz , Capital. 5,476

K.Waltz ,Widthrawals. 8,800

Income Summary. ______ _______

sales. 52,484

Sales return & Allow. 96

Sales discounts. 2,400

Cost Of Goods Sold. 28,952

Office Salaries Expense 7,408

Insurance Expense. 2,400

Advertising Expense. 800

Utilities Expense. 576

Total. 71,524 71,524

Comprehensive problem.Completing worksheet

Checkout Figure

Net Income $8,300

P8-2A. The owner of Waltz Company in Fairview has asked you to prepare a worksheet from the following trial balance and additional data: Additional Data a. Physical count of inventory on December 31,$4,805 b. Office supplies used up, $210 c. Rent expired, $195 d. Depreciation expense on office equipment, $550 e. Office salaries earned but not paid, $310 WORKSHEET