Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

prepare an adjusted trial balance include a balance sheet and income statement the amounts are the following cash 23700 accounts receivable 8900 prepaid insurance 6420

prepare an adjusted trial balance include a balance sheet and income statement

the amounts are the following cash 23700 accounts receivable 8900 prepaid insurance 6420 supplies 10000 equipment 10000 equipment accumulated 2000 accounts payable 3500 unearned revenue 4950 capital 68435 withdraws 10100 rent expense 6210 phone expense 2500 notes payable 20000 salary expense 106700 revenue 84545 supplies expense 8000 salary payable 400 insurance expense 5420

the adjusted data

#a supplies on hand at October 31st $2000

#b accrued salaries for October $900

#c the equipment has an expected useful life of 5 years

#d unearned revenue as of October 31st is $3000

#e interest payable on the first of each month

#f the balance in the prepaid insurance account was $1000

Hope this information is clear.

-

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

Financial Accounting An Introduction

Authors: Mr Barry Elliott, Mr Augustine Benedict

2nd Edition

0273737651, 9780273737650

Students also viewed these Accounting questions