Question
S. Below is Bill Brady Law's adjusted trial balance at the end of its annual accounting period. Bill Brady Trial Balance Law December 31, 2020
S. Below is Bill Brady Law's adjusted trial balance at the end of its annual accounting period.
Bill Brady Trial Balance Law December 31, 2020
Debit
Credit
Cash
$13,000
Accounts receivable
$20,000
Office Supplies
$10,300
Office equipment
$40,500
Accumulated depreciation, office
$22,000
Long-term notes payable
$60,000
Bill Brady, capital
$11,000
Bill Brady, withdrawals
$10,000
Service Revenue
$51,100
Salary expense
$30,000
Rent expense
$12,300
Depreciation expenses, office equipment
$1,000
Advertising expense
$4,000
Office supplies expense
$3,000
$2,500
Total
$144,100
$144,100
Prepare the necessary entries in the Companys Journal on Dec. 31, 2020.
S. Below is Bill Brady Law's adjusted trial balance at the end of its annual accounting period.
Bill Brady Trial Balance Law December 31, 2020
| ||
| Debit | Credit |
Cash | $13,000 |
|
Accounts receivable | $20,000 |
|
Office Supplies | $10,300 |
|
Office equipment | $40,500 |
|
Accumulated depreciation, office |
| $22,000 |
Long-term notes payable |
| $60,000 |
Bill Brady, capital |
| $11,000 |
Bill Brady, withdrawals | $10,000 |
|
Service Revenue |
| $51,100 |
Salary expense | $30,000 |
|
Rent expense | $12,300 |
|
Depreciation expenses, office equipment | $1,000 |
|
Advertising expense | $4,000 |
|
Office supplies expense | $3,000 | $2,500 |
Total | $144,100 | $144,100 |
Prepare the necessary entries in the Companys Journal on Dec. 31, 2020.
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