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The account balances appearing on the trial balance (below) were taken from the general ledger of Speedy Copy Shop at September 30. Additional information for
The account balances appearing on the trial balance (below) were taken from the general ledger of Speedy 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 $500 on hand at September 30. (b) The prepaid insurance represents the remaining six months of a one year policy. (c) Depreciation on equipment for 2022 was $7,200. (d) Rent owed on the copy shop for the month of September was $750 but will not be paid until October. Instructions a) Using the above information, complete the worksheet on for Speedy Copy Shop for the month of September. b) Prepare a classified balance sheet in good form c) Prepare an Income Statement in good form. SPEEDY COPY SHOP Workshcet
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