Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjustment data: a. One month's rent

Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjustment data:

a.

One month's rent had expired.

b.

An inventory shows

$200

of office supplies remaining.

c.

Depreciation on office equipment,

$150.

d.

Depreciation on automobile,

$120.image text in transcribedimage text in transcribedimage text in transcribed

Sucheki Realty Worksheet For the Month Ended June 30, 2018 Trial Balance Adjustments Account Titles Debit Credit Debit Credit Cash 16,445 Accounts Receivable 8,500 3,200 Prepaid Rent Office Supplies Office Equipment 550 7,000 Automobile 20,000 Accounts Payable 21,050 Jason Sucheki, Capital 17,000 Jason Sucheki, Withdrawals 2,000 Commissions Earned 23,000 Salaries Expense 1,200 Gas Expense 65 900 Repairs Expense Telephone Expense 290 900 Advertising Expense 61,050 61,050 Totals Rent Expense Office Supplies Expense Dep. Expense, Office Equip. Acc. Dep., Office Equip. Dep. Expense, Automobile Acc. Dep., Automobile Totals Assets Revenue 111 Cash 411 Commissions Earned 112 Accounts Receivable 114 115 Prepaid Rent Office Supplies Office Equipment Accumulated Depreciation, Office Equipment 121 122 123 Automobile Expenses 511 Rent Expense 512 Salaries Expense 513 Gas Expense 514 Repairs Expense 515 Telephone Expense 516 Advertising Expense 517 Office Supplies Expense 518 Depreciation Expense, Office Equipment 519 Depreciation Expense, Automobile 524 Miscellaneous Expense 124 Accumulated Depreciation, Automobile Liabilities 211 Accounts Payable 212 Salaries Payable Owner's Equity 311 Jason Sucheki, Capital 312 Jason Sucheki, Withdrawals 313 Income Summary

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

Sound Investing, Chapter 15 - Liability Tricks

Authors: Kate Mooney

2nd Edition

0071719377, 9780071719377

More Books

Students also viewed these Accounting questions