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Please help me out. I only need the General Journal for this P.S. It is an annual adjustment not monthly. Thanks. 8. Prepare a ten-column
Please help me out. I only need the General Journal for this
P.S. It is an annual adjustment not monthly. Thanks.
8. Prepare a ten-column work sheet for Health Care Consultants using the trial balance on the next page and additional information given below. The fiscal period is one year. Supplies on hand on December 31 are valued at $700. The three-year insurance policy was purchased on January 1 for $7200. The declining balance method of depreciation is used to record depreciation for office equipment (20 percent per year) and automobiles (30 percent per year). Work Sheet, Adjustments, and Financial Statements UNIT 12 Credit Debit $ 4500 7 000 2 000 7 200 16 000 $ 3 200 Health Care Consultants Trial Balance December 31, 20- Account Acc. No. Cash 100 Accounts Receivable 102 Supplies 131 Prepaid Insurance 132 Office Equipment 141 Acc. Depreciation-Office Equipment 142 Automobile 143 Acc. Depreciation-Automobile 144 Accounts Payable 200 S. Katz, Capital 300 S. Katz, Drawings 301 Fees Income 400 Salaries Expense 500 Rent Expense 501 Automobile Expense 502 Utilities Expense Office Expense 504 32 000 16 320 1 500 34 980 36 000 139 000 503 70 000 14 400 800 2 100 3 000 $195 000 $195 000Step by Step Solution
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