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The following adjusting entries were to have been analyzed and entered onto the work sheet. Ending inventory of supplies as of March 31, $160. Unexpired
The following adjusting entries were to have been analyzed and entered onto the work sheet.
- Ending inventory of supplies as of March 31, $160.
- Unexpired insurance as of March 31, $520.
- Depreciation of office equipment, $275.
- Wages earned, but not paid as of March 31, $110.
Required:
The accounting student made a number of errors. Review the work sheet for addition mistakes, transpositions, and other errors and make all necessary corrections. If an amount box does not require an entry, leave it blank.
Correcting Work Sheet with Errors ng student tried to complete a work sheet for Joyce Lee's Tax Service. For Adjusted Trial Balance ncome Sttement Balance Sheet 1,725 960 525 1,725 1,725 (a) 160 (b) 410 (o) 275 365 365 540 5,175 office 5,450 5,175 pment Payable 480 480 110 7,500 480 (d) 110 110 7,500 oyce Lee, Drawing 1,125 1,125 1,125 5,700 5,700 5,700 1,420 (d) 110 1,420 350 700 160 1,420 350 700 160 350 (a) 160 480 480 110 7,500 480 Pay able 110 (d) 110 Wages Payable Joyce Lee, Capital oyce Lee, Drawing 7,500 7,500 1,125 1,125 1,125 5,700 5,700 1,420 1,580 1,420 350 700 160 130 190 410 275 175 1,420 (d) 110 Wages 350 700 160 130 190 410 275 700 (a) 160 es E 130 Phone Expense 190 (b) 410 (c) 275 175 175 13,680 13,680 955 955 13,160 13,790 4,566 5,810 9,508 7,980 1,244 5,810 1,528 The following adjusting entries were to have been analyzed and entered onto the w a. Ending inventory of supplies as of March 31, $160. b. nsurance as of n of office equipm 31, $520 d. Wages earned, but not paid as of March 31, $110 pter 5 HW Balance Sheet Debit Debit 930 5,450 able 7,500 1,420 350 130 90 5,450 5,700 350 130 190Step by Step Solution
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