Question
Problem 18-6 Completing a Ten-Column Work Sheet The August 31 trial balance data for adjustments for Shutterbug Cameras is listed below. Data for Adjustments Merchandise
Problem 18-6 Completing a Ten-Column Work Sheet
| The August 31 trial balance data for adjustments for Shutterbug Cameras is listed below. |
| Data for Adjustments | ||
| Merchandise Inventory, August 31 | $ | 78,672 |
| Supplies on hand, August 31 | 389 | |
| Insurance premium expired during the period | 490 | |
| Additional federal income taxes owed | 252 | |
| 1. | Complete the ten-column work sheet for Shutterbug Cameras for the month ended August 31. The totals will be automatically calculated. |
| 2. | Identify which account in the Balance Sheet section (Accounts Payable or Accounts Receivable) has the higher balance. |
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Management Accounting For Decision Makers
Authors: Dr Peter Atrill, Eddie McLaney
6th Edition
0273731521, 9780273731528
