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The partial worksheet of Ruth Furniture is as follows: Ruth Furniture Trial Balance December 31, 2018 Unadjusted Trial Balance | Debit Credit $6,500 2,000 1,800
The partial worksheet of Ruth Furniture is as follows: Ruth Furniture Trial Balance December 31, 2018 Unadjusted Trial Balance | Debit Credit $6,500 2,000 1,800 5,000 Account Names Cash Accounts Receivable Office Supplies Equipment Accumulated Depreciation-Equipment Common Stock Dividends Service Revenue Salaries Expense Rent Expense $8,700 15,000 3,000 10,600 4,000 2,000 Depreciation Expense- Equipment Supplies Expense Total $34,300 $34,300 1- On December 25 the company sold product worth of $3,000 on account 2- By the end of year, the company office supplies on hand were $1,300 3- Depreciation expense at the end of year is $1,20 questions, 1- Prepare the adjusting entries at December 31, 2018 2- Prepare the adjusted trial balance as of December 31, 2018 3. Identify which accounts should be under balance sheet and which is under income statement
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