Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sunland Company was organized on July 1, 2022. Quarterly financial statements are prepared. Information from the unadjusted and adjusted tabular summary on September 30, 2022

Sunland Company was organized on July 1, 2022. Quarterly financial statements are prepared. Information from the unadjusted and adjusted tabular summary on September 30, 2022 is shown as follows. The $15,096 in the revenue column includes Service Revenue: $14,382 and Rent Revenue: $714. The $10,369 in the expense column includes Salaries and Wages $8,976, Rent $918, and Utilities $475.

= +

Rev.

-

Exp.

-

Div

Bal.

6,834 408 1,224 1,836 15,300 0 5,100 1,087 0 0 1,020 14,280

15,096

-10,369

612

Adj. 1.

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Service Revenue

Adj. 2.

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Rent Expense

Adj. 3.

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Supplies Expense

Adj. 4.

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Depreciation Expense

Adj. 5.

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Interest Expense

Adj. 6.

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Rent Revenue

Adj. 7

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Salaries & Wages Expense

Adj. Bal.

6,834 1,020 188 918 15,300 -357 5,100 1,087 612 51 816 14,280

15,912

-13,343

612

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

Anti Money Laundering Governance Risk Management And Compliance GRC Book 4

Authors: Uwem Essia, Kester Ehiwario

1st Edition

B0BBXZ6GKR, 979-8848908473

More Books

Students also viewed these Accounting questions