Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Page 4 ACI01 EXAM2 SUMMER 2019 11. The following items are taken from the adjusted trial balance of Westley Company for the month ending July

image text in transcribed
Page 4 ACI01 EXAM2 SUMMER 2019 11. The following items are taken from the adjusted trial balance of Westley Company for the month ending July 31, 2013: $ 2,000 3,300 8,000 2,100 22,000 2,000 54,000 30,000 33,000 1,200 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Depreciation expense Equipment Retained earnings 7/1/13 Service revenue Supplies Prepare the current assets section of Westley's classified balance sheet. 12. Selected worksheet data for Patinkin Company are presented below. Adjusted Trial Balance Account Titles Trial Balance Dr. Cr. Dr. 31,000 18,000 Cr. Accounts Receivable Prepaid Insurance Supplies Accumulated Depreciation Salaries and Wages Payable Service Revenue Insurance Expense Depreciation Expense Supplies Expense Salaries and Wages Expense 24,000 7,000 12,000 ? 7,600 100,000 88,000 8,000 5,200 49,000 Instructions (a) Fill in themissing amounts. (b) Prepare the adjusting entries that were made

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

Virtual Remote Audit From Planning To Implementation

Authors: Roland Scherb

2nd Edition

3754301667, 978-3754301661

More Books

Students also viewed these Accounting questions