Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PepsiCo, Inc. Unadjusted Trial Balance as at 30 June 2024 Debit ($) Credit ($) Cash 50,000 Accounts Receivable 60,000 Inventory 70,000 Buildings 350,000 Accumulated Depreciation

PepsiCo, Inc.

Unadjusted Trial Balance as at 30 June 2024


Debit ($)

Credit ($)

Cash

50,000


Accounts Receivable

60,000


Inventory

70,000


Buildings

350,000


Accumulated Depreciation - Buildings


100,000

Accounts Payable


35,000

Notes Payable


85,000

Common Stock


200,000

Retained Earnings


100,000

Sales Revenue


350,000

Cost of Goods Sold

200,000


Rent Expense

30,000


Salaries Expense

40,000


Total

850,000

850,000

Required:

  1. Prepare the Ledger Accounts for the above unadjusted trial balance.
  2. Calculate the Adjusted Trial Balance.

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

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

Recommended Textbook for

Introduction To Financial Accounting

Authors: Anne Marie Ward, Andrew Thomas

7th edition

77138449, 978-0077132682, 77132688, 978-0077138448

More Books

Students also viewed these Accounting questions

Question

CL I P COL Astro- L(1-cas0) Lsing *A=2 L sin(0/2)

Answered: 1 week ago

Question

What function would we use to find the date 37 days from today?

Answered: 1 week ago

Question

When should you use Option Strict?

Answered: 1 week ago