Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Requirement 2 please The unadjusted trial balance of The Rock Industries Ltd. at January 31, 2017, appears LEARNING Prepare an a and the fina The

image text in transcribedRequirement 2 please
The unadjusted trial balance of The Rock Industries Ltd. at January 31, 2017, appears LEARNING Prepare an a and the fina The The Rock Industries Ltd Trial Balance January 31, 2017 S 8,000 10,000 3,000 2,000 36,000 Accounts receivable rent lated depreciation $ 3,000 10,000 Account-Payable able 10 Share ca 11 Reained earnings (December 31, 2016) 12 Dividends 13 Service revenue 4 Salary expense 15 Rent expense s Uhilities expense 17 Depreciation expense s Supplies expense 26,000 13,000 4,000 2000 1,000 14,000 o19 Total $66,000S 66,000 ons 20 bass djusment data: es an a.Acrued service revenue at January 31, $2,000 Perad ent expired during the month. The unadjusted prepaid balance of $3,000 relates the period January through March used d uring January dOpreciaion on furniture for the month. The estimated useful life of the furniture is threei years. t Acrued salary expense at January 31 for Monday, Tuesday, and Wednesday. The five-day Btekly payroll of $5,000 will be paid on Friday, February 2 ents L Uineg Exhbit 3-4, page 126, as an example, prepare the adjusted trial balance of The Rock 2 diustries Ltd at January 31,2017. Key each adjusting entry by letter. Ptpare the income statement, the statement of retained earnings, and the classified bal- e shee Draw arrows linking the three financial statements

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

How To Audit ISO 9001 2015 A Handbook For Auditors

Authors: Chad Kymal

1st Edition

087389927X, 978-0873899277

More Books

Students also viewed these Accounting questions

Question

Detailed note on the contributions of F.W.Taylor

Answered: 1 week ago