Question
Prepare a trial balance at July 31 on a worksheet. Enter the following adjustments on the worksheet, and complete the worksheet. (1) unbilled fees for
Prepare a trial balance at July 31 on a worksheet.
Enter the following adjustments on the worksheet, and complete the worksheet.
(1) unbilled fees for services performed on July 31 were $1,300.
(2) Depreciation on equipment for the month for $200.
(3) one-twelfth of the insurance expired
(4) An inventory count shows $300 of cleaning supplies on hand at July 31.
(5) Accrued but unpaid employee salaries were $500.
This was from a previous question, which uses the same information for this question:
Ashley Williams opened Ashleys Maids Cleaning Service on July 1, 2017. During July, the company completed the following transactions.
July | 1 | Invested $15,500 cash in the business. | |
1 | Purchased a used truck for $10,700, paying $2,800 cash and the balance on account. | ||
3 | Purchased cleaning supplies for $800 on account. | ||
5 | Paid $2,304 on a one-year insurance policy, effective July 1. | ||
12 | Billed customers $3,500 for cleaning services. | ||
18 | Paid $1,300 of amount owed on truck, and $230 of amount owed on cleaning supplies. | ||
20 | Paid $1,500 for employee salaries. | ||
21 | Collected $1,500 from customers billed on July 12. | ||
25 | Billed customers $1,600 for cleaning services. | ||
31 | Paid gasoline for the month on the truck, $400. | ||
31 | Withdrew $700 cash for personal use. |
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