Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Requirement 1. Complete the worksheet. Use letters a through e to label the five adjustments. The account names and unadjusted trial balance amounts as provided

Requirement 1. Complete the worksheet. Use letters a through e to label the five adjustments.

The account names and unadjusted trial balance amounts as provided in the question have been entered into the worksheet for you. Finish the partial worksheet by completing the adjustments and adjusted trial balance columns. Complete the Adjustments columns by using the letters a through e to label the five adjustments

image text in transcribedimage text in transcribed

Data Table Gerald Theater Production Company Worksheet December 31, 2018 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Names Debit Credit Debit Credit Debit Credit Cash Accounts Receivable Office Supplies Prepaid Insurance 3,700 6,100 2,200 2,100 33,000 Equipment $8,100 4,800 Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Gerald, Capital Gerald, Withdrawals Service Revenue Depreciation Expense-Equipment Supplies Expense Utilities Expense Salaries Expense 11,000 27,000 81,000 4,800 26,000 Insurance Expense $ 104,900 $104,900 Total Print Done Gerald Production Company Worksheet December 31, 2018 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Names Debit Credit Debit Credit Debit Credit Cash Accounts Receivable Office Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equip Accounts Payable Salaries Payable Gerald, Capital Gerald, Withdrawals Service Revenue Depreciation Expense-Equip Supplies Expense Utilities Expense Salaries Expense Insurance Expense Total 3,700 6,100 2,200 2,100 33,000 $ 8,100 4,800 11,000 27,000 81,000 4,800 26,000 $104,900$104,900 More Info As of December 31, Gerald had performed $700 of service revenue but has not yet billed customers a. b. At the end of the month, Gerald had $600 of office supplies remaining c. Prepaid Insurance of $1,800 remained d. Depreciation expense, $4,200 e. Accrued salaries expense of $120 that hasn't been paid yet. Print Done

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

Essentials Of Corporate Fraud

Authors: Tracy L. Coenen

1st Edition

047019412X, 978-0470194126

More Books

Students also viewed these Accounting questions

Question

Demonstrate three aspects of assessing group performance?

Answered: 1 week ago