Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Prepare an Adjusted trial balance for nov 30 th with the infomation below (If you are unsure of an answer please send anything to help,
Prepare an Adjusted trial balance for nov 30 th with the infomation below (If you are unsure of an answer please send anything to help, thank you)
Regarding the information above, Please prepare an adjusted trial balance at NOV 30th
please follow the format of the image below when solving the adjusted trial balance
Adjustment data: 1. Supplies on hand are valued at $960. 2. Accrued salaries payable are $300. 3. Depreciation for the month is $150. 4. $390 of services related to the unearned service revenue has not been performed by month-end. No. Date Account Titles and Explanation Debit Credit 1. Nov, 30 Supplies Expense 576 Supplies 576 2. Nov. Salaries and Wages Expense 300 576 Salaries and Wages Payable 300 3. Nov. Depreciation Expense 150 \begin{tabular}{|r|} \hline 300 \\ \hline \\ \hline \\ \hline 150 \\ \hline \end{tabular} Accumulated Depreciation-Equipment 150 576 30 300 Salaries and Wages Payable 2. 30 30 150 4. Nov. Unearned Service Revenue 2,415 Service Revenue 2,415 \begin{tabular}{lr|lr} \multicolumn{4}{c}{ Cash } \\ \hline 11/1 Bal. & 5,400 & 11/8 & 2,130 \\ 11/10 & 1,140 & 11/20 & 4,508 \\ 11/19 & 3,234 & 11/28 & 1,800 \\ 11/22 & 1,380 & 11/29 & 225 \\ 11/29 & 405 & 11/29 & 780 \\ \hline 11/30 Bal. & 2,116 & & \\ & & & 1,140 \\ & Accounts & Receivable \\ \hline 11/1 Bal. & 1,344 & 11/10 & 3,300 \\ 11/12 & 3,300 & 11/19 & \\ 11/29 & 420 & & \\ \hline 11/30 Bal. & 624 & & \end{tabular} \begin{tabular}{lr|rr} \multicolumn{4}{c}{ Inventory } \\ \hline 11/11 & 4,800 & 11/12 & 2,400 \\ & & 11/15 & 200 \\ & & 11/20 & 92 \\ \hline 11/30 Bal. & 2,108 & & \end{tabular} \begin{tabular}{lr|rrrr} \multicolumn{6}{c}{ Supplies } \\ \hline 11/1 Bal. & 516 & Adj. & & \\ & & & \\ 11/27 & 1,020 & & & & \\ \hline 11/30 Bal. & 960 & & & & \\ \hline \end{tabular} \begin{tabular}{lr|r} \multicolumn{2}{c}{ Equipment } \\ \hline 11/1 Bal. & 15,000 & \\ 11/25 & 3,000 & \\ \hline 11/30 Bal. & 18,000 & \end{tabular} Accumulated Depreciation-Equipment \begin{tabular}{|c|c|c|} \hline v & 11/1 Bal. & 600 \\ \hline v & Adj. & 150 \\ \hline v & 11/30 Bal. V & 750 \\ \hline \end{tabular} \begin{tabular}{lr|ll} \multicolumn{4}{c}{ Accounts Payable } \\ \hline 11/15 & 200 & 11/1 Bal. & 2,040 \\ 11/20 & 4,600 & 11/11 & 4,800 \\ 11/28 & 1,800 & 11/25 & 3,000 \\ & & 11/27 & 1,020 \\ \hline & & 11/30 Bal. & 4,260 \end{tabular} Unearned Service Revenue \begin{tabular}{l|lr} \multicolumn{4}{c}{ Common Stock } & \\ \hline & 11/1 Bal. & 12,000 \\ \hline & 11/30 Bal. & 12,000 \end{tabular} Retained Earnings 11/1 Bal. 4,200 Service Revenue 11/22 1,380 11/29 420 Adj. 2,415 Depreciation Expense Adj. 150 Supplies Expense Adj. 576 Salaries and Wages Expense Prepare an adjusted trial balance at November 30
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started