Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Scissors Hair Stylists has begun the preparation of its worksheet as follows: Complete Scissors worksheet through the adjusted trial balance section. In the adjustments section,

Scissors Hair Stylists has begun the preparation of its worksheet as follows:

Complete Scissors worksheet through the adjusted trial balance section. In the adjustments section, mark each adjustment by letter.

a. Office supplies on hand, $ 300

b. Depreciation, $ 900

c. Accrued interest expense, $ 400.

Scissors Hair Stylists

Worksheet

December 31, 2018

Unadjusted

Adjusted

Trial Balance

Adjustments

Trial Balance

Account Names

Debit

Credit

Debit

Credit

Debit

Credit

Cash

$700

Office Supplies

500

Equipment

20,200

Accumulated DepreciationEquipment

$900

Accounts Payable

500

Interest Payable

Note Payable

3,800

Common Stock

7,200

Service Revenue

12,700

Rent Expense

3,400

Supplies Expense

Depreciation ExpenseEquipment

Interest Expense

300

Total

$25,100

$25,100

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

Accounting Information Systems

Authors: James A. Hall

5th Edition

0324312954, 9780324312959

More Books

Students also viewed these Accounting questions