Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows. Account Name Balance Cash 7,600 Accounts Receivable 2,200 Supplies 2,050 Prepaid
The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows.
Account Name | Balance | ||
Cash | 7,600 | ||
Accounts Receivable | 2,200 | ||
Supplies | 2,050 | ||
Prepaid Insurance | 760 | ||
Equipment | 20,000 | ||
Accumulated DepreciationEquipment | 4,250 | ||
Accounts Payable | 3,400 | ||
Roger Dye, Capital | 16,300 | ||
Roger Dye, Drawing | 4,100 | ||
Fees Income | 19,300 | ||
Supplies Expense | 810 | ||
Insurance Expense | 660 | ||
Depreciation ExpenseEquipment | 610 | ||
Salaries Expense | 3,400 | ||
Utilities Expense | 1,060 | ||
Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing entries for RD Consulting on December 31, 2019. All accounts have normal balances and adjusting entries have been made.
Complete this question by entering your answers in the tabs below.
- Inc Stmt and Bal St
- General Journal
Prepare the Balance Sheet and Income Statement columns of the worksheet.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started