Question
Q.1 On January 31, 2016, the general ledger of Meeks Company showed the following account balances. ACCOUNTS Cash 63,000 Accounts Receivable 22,500 Supplies 9,000 Prepaid
Q.1 On January 31, 2016, the general ledger of Meeks Company showed the following account balances.
ACCOUNTS
Cash 63,000
Accounts Receivable 22,500
Supplies 9,000
Prepaid Insurance 8,200
Equipment 91,500
Accum. Depr.Equip. 0
Accounts Payable 16,700
Lorraine Meeks, Capital 81,950
Fees Income 117,000
Depreciation Exp. Equip. 0
Insurance Expense 0
Rent Expense 10,600
Salaries Expense 10,850
Supplies Expense 0
Additional information:
a. Supplies used during January totaled $5,700.
b. Expired insurance totaled $2,050.
c. Depreciation expense for the month was $1,825.
Complete a Worksheet.
Trail Balance | Adjustments | Adjusted Trail Balance | |||||
Account Name | Debit | Credit | Debit | Credit | Debit | Credit | |
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