Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please see below- The trial balance and information for your and dirt for Envia's Company are follow Please submit this worksheet in the dropbox for

Please see below-

image text in transcribed

The trial balance and information for your and dirt for Envia's Company are follow Please submit this worksheet in the dropbox for handin homework. Ernie'e Company Worksheet March 31, 2018 Adjusted Trial Balance Debit Credit Adjustments Debit Credit Income Statement Delt Credit Balance Sheet Dahlt Credit Account Title Cash Accounts Receivable Supplies Prepaid Insurance Machine Trial Balance Debit Credit 13,000 4,000 2.200 9,300 79,000 5,000 Accounts Payable 99.400 7,000 167,0DD Ernie, Capital Ernie, Drawing Service Fees Wages Expense Rent Expense Supplies Expense Litllity Expense 153,000 2,100 1,800 271,400 271,400 Totals a) Supplies on hand at March 31, 2018 is valued at $450. b) Unexpired Insurance as of year end is $2,500. c) The Machine which was bought on February 1 this year has an expectant life of six (61 years at which time it is expected to sell for 57,000 dj The company pays $3,000 of wages on Fridaye for the five day work week ending that day. The accounting period ended on Thursday, Prepare the necessary year and adjustments on the ten-column worksheet provided, identify cach adjustments by letter, list net income or net loss and complete the worksheet

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

Study Guide With Working Papers, Chapters 1-9 For Heintz/Parrys College Accounting

Authors: James A. Heintz, Robert W. Parry

21st Edition

1285059379, 9781285059372

More Books

Students also viewed these Accounting questions