Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 2 After all adjusting entries have been made on December 31, the end of the year, the following balances are taken from the ledger

image text in transcribed
image text in transcribed
QUESTION 2 After all adjusting entries have been made on December 31, the end of the year, the following balances are taken from the ledger of Luna Service Company: Luna, Capital $349,000 Luna, Drawing 6,000 Fees Eamed 124,600 Wages Expense 43,000 Rent Expense 29,000 Supplics Expense 7,300 Miscellancous Expense 5,700 Jousalize the two cutrics required to close the accounts X Cut Wrap Test A A Arial 10 Copy Conditional Format as Cell Insert Delete Forn $.% 8 A Merge & Center BIU Format Painter Formatting Table Styles Clipbosrd Font Cells Alignment Number Styles fe ABC G For corect gradng in the trial balances and work sheet, entr a zero in cells you would otherwise leave blank F HI J KL M. N T X P Q S W V Y 5 2 LA MESA LAUNDRY End of Period Spreadsheet (Work Sheet) For the Year Ended August 31, 2019 6 17 18 Adjusted Trial Balance Income Statement 19 Balance Sheet Unadjusted Trial Balance Adjustments 20 Account Tite Dr. Cr Dr. Cr. Dr. Cr. 21 Dr. Cr. Cash Dr. Cr. 3,800 3,800 Laundry Supplies Prepaid Insurance Laundry Equipment Accum Depreciation Accounts Payabie Wages Payable Bobbi Downey, Captal Bobb Downey, Draing 9,000 23 6,000 180,800 24 25 49.200 26 7.800 27 28 95,000 29 2,400 30 Laundry Revenue Wages Expense Rent Expense Unites Expens Depreciation Expense Laundry Supplies Exp Insorance Expense Mscellaneous Expense 248.000 31 32 33 135800 43.200 16,000 34. 35 36 31 3 000 400 000 400 00 et come 40 41 42 43 IRNAL P 43 Enter PTyoe here to searid (intel m

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_2

Step: 3

blur-text-image_3

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

Aviation Tax IRS Audit Techniques Guide

Authors: Internal Revenue Service

1st Edition

1304131696, 978-1304131690

More Books

Students also viewed these Accounting questions

Question

Discuss the Hawthorne experiments in detail

Answered: 1 week ago

Question

Explain the characteristics of a good system of control

Answered: 1 week ago

Question

State the importance of control

Answered: 1 week ago

Question

What are the functions of top management?

Answered: 1 week ago