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4.20 L03 (20 MIN) 4A-4. From the following trial balance (Figure 4.20) and adjustment data, complete a worksheet for J. Tripp as of October
4.20 L03 (20 MIN) 4A-4. From the following trial balance (Figure 4.20) and adjustment data, complete a worksheet for J. Tripp as of October 31, 201X: a. Depreciation expense, equipment, $1. b. Insurance expired, $5. c. Store supplies on hand, $7. d. Wages owed, but not paid for (they are an expense in the old year), $6. J. TRIPP TRIAL BALANCE OCTOBER 31, 201X L04 (20 MIN) Cash Accounts Receivable Prepaid Insurance Accumulated Depreciation, Equipment Store Supplies Store Equipment Accounts Payable J. Tripp, Capital 1. Tripp, Withdrawals Revenue from Clients Rent Expense Wage Expense Dr. Cr. 3200 200 900 800 1000 500 1000 4100 1000 2700 1000 200 8300 8300 4A-5. From the completed worksheet in Exercise 4A-4, prepare a. an income statement for October. b. a statement of owner's equity for October. c. a balance sheet as of October 31, 201X.
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Step: 1
To complete the worksheet and financial statements for J Tripp follow these steps Step 1 Prepare the Adjustments Using the adjustment data provided ma...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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