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Take me to the text Below is Coleson Services unadjusted trial balance at the end of December 2016. Adjusting entries have not yet been made.
Take me to the text Below is Coleson Services unadjusted trial balance at the end of December 2016. Adjusting entries have not yet been made. Use the trial balance and the information below to complete the worksheet. Dec 31 A physical count show that $360 of supplies is still on hand. Dec 31 The equipment was purchased at the beginning of the year and is expected to last four years with no residual value. Dec 31 Of the balance of unearned revenue, $450 has been earned. Dec 31 The amount in prepaid insurance is for an annual policy that was paid on September 1, 2016. Required Using the following trial balance, complete the adjustments, the adjusted trial balance, income statement, and balance sheet in the worksheet. Do not enter dollar signs or commas in the input boxes. Coleson Services Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Account DR CR DR CR DR CR DR CR 1,500 ) Supplies Equipment 5,700 OA Accumulated Depreciation Accounts Payable Unearned Revenue 2,300 900 Bank Loan 1,400 5,690 Coleson, Capital Coleson, Drawings Service Revenue 1,100 12,000 Depreciation Expense O 0 90 Insurance Expense Interest Expense Maintenance Expense Rent 1,400 Using the following trial balance, complete the adjustments, the adjusted trial balance, income statement, and balance sheet in the worksheet. Do not enter dollar signs or commas in the input boxes. Coleson Services Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Account DR CR DR CR DR CR DR CR Cash 1,500 Accounts Receivable 2,600 Prepaid Insurance 3,600 Office Supplies 1,300 Equipment 5,700 Accumulated Depreciation Accounts Payable 2,300 Unearned 900 90 1,400 1,700 interest Expense Maintenance Expense Rent Expense Salaries Expense Supplies Expense Telephone Expense Travel Expense 1,800 0 800 700 Total 22,290 22,290 Net Income Total
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