Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The account balances appearing on the trial balance (below) were taken from the general ledger of Irick's Copy Shop at September 30. Additional information for

image text in transcribed
The account balances appearing on the trial balance (below) were taken from the general ledger of Irick's Copy Shop at September 30. Additional information for the month of September which has not yet been recorded in the accounts is as follows: (a) A physical count of supplies indicates $300 on hand at September 30. (b) The amount of insurance that expired in the month of September was $200. (C) Depreciation on equipment for September was $400. (d) Salaries and wages expense incurred at September 30 but not yet paid amounted to S600 Instructions Using the above information, complete the worksheet on the following page for Irick's Copy Shop for the month of September. IRICK'S COPY SHOP Worksheet For the Month Ended September 30, 2021 Adjusted Income Statement Trial Balance Adjustments Trial Balance Balance Sheet Account Titles Debit Credit Debit Credit Debit Credit Debit Credit Cash 1.000 Supplies 1.100 Prepaid Insurance 2,200 Equipment 24,000 Accum Depreciation 4,5001 Equipment Accounts Payable Notes Payable Salaries and Wages Payable Owner's Capital 15,300 Owner's Drawings 2.400 Service Revenue Utilities Expense 400 Debit Credit 2,400 4.000 4,900 Supplies Expense Insurance Expense Depreciation Expense Salaries and Wages Expense Totals Net Income Totals 31.100 1.100 2

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

Horngrens Accounting Volume 1

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

11th Canadian Edition

ISBN: 0135359708, 9780135359709

More Books

Students also viewed these Accounting questions

Question

=+What do you wish you had known when you were starting out?

Answered: 1 week ago