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Please answer the worksheet and complete the eight columns for the changes ? Chapter 8 Test Name A 5. Kathy Morris owns a small decorating
Please answer the worksheet and complete the eight columns for the changes ?
Chapter 8 Test Name A 5. Kathy Morris owns a small decorating business called Premium Decorating. A partially completed worksheet for Premium Decorating and additional information follow directly. /22 (0.5 each) Additional Information 1. Purchase invoices received in January 20-3, which pertain to goods or services received in 20-2, are for the following: Telephone Expense $102 Car Expense 389 Supplies 250 2. The supplies counted and valued as of December 31, 20-2, are $980. 3. The unexpired insurance at December 31, 20-2, amounted to $1040. A. Using the additional information above, complete the eight-column worksheet. HST accounts are not to be considered. Premium Decorating Worksheet Year Ended December 31, 20-2 TRIAL BALANCE ADJUSTMENTS INCOME STATEMENT BALANCE SHEET ACCOUNTS Dr C Or Cr Dr Cr Dr Cr Bank 4 047 50 Accounts Receivable 7 421.00 Supplies 3 000.00 Prepaid Insurance 1 890.00 Fumiture and Equipment 8 500.00 Automobile 12 800.00 Accounts Payable 3 250.00 Bank Loan 10 080.00 K. Morris, Capital 23 949.50 K. Morris, Drawings 19 500.00 Fees Eamed 40 072 00 Bank Charges 360.00 Car Expense 3 547.00 Miscellaneous Expense 200.00 Rent Expense 8 000.00 Telephone Expense 812.00 Interest Expense 900.00 Wages Expense 8 304.00 77 271.50 77 271.50 Copyright @ 2013 Pearson Canada Inc. This page may have been modified from its originalStep by Step Solution
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