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The trial balance and information for year-end adjustments for Vilardi Company are as follows: Vilardi Company Trial Balance December 31, 20-- Debit Account Title Credit
The trial balance and information for year-end adjustments for Vilardi Company are as follows: Vilardi Company Trial Balance December 31, 20-- Debit Account Title Credit 15,700 Cash 9,400 Accounts Receivable 6,000 Supplies 1,500 Prepaid Insurance 50,000 Equipment Accumulated Depreciation-Equipment 10,000 Accounts Payable 5,400 Wages Payable Vilardi, Capital 29,460 Vilardi, Drawing 1,500 Service Fees 63,000 Wages Expense 15,100 Rent Expense 7,800 Supplies Expense Utilities Expense Insurance Expense Depreciation Expense-Equipment 860 107,860 107,860 Calculator Supplies on hand at year-end amounted to $420. The equipment costing $50,000 has an expected ife of five years and no salvage value. Vilardi uses straight-line depreciation. A premium of $1,500 for a one-year insurance policy was paid on November 1 Wages earned by employees but not paid by year-end amounted to $900. a. d Prepare the necessary year-end adjustments on a 10-column work sheet (identify each adjustment by letter), and complete the work sheet. If an amount box require an entry, leave it blank. Vilardi Company Work Sheet For Month Ended December 31, 20 Trial Balance Adjustments Adjusted Trial Balance Income Statement Account Title Debit Credit Debit Credit Debit Credit Debit Credit Cash 15,700 Accounts Receivable 9,400 Supplies 6,000 Prepaid Insurance 1,500 Equipment 50,000 Accumulated Depreciation Equipment 10,000 Accounts 5,400 Payable Wages Payable Vlardi, Capital 29,460 Vilardi, Drawing 1,500 Previous Calculator Equipment 50,000 Accumulated Depreciation Equipment 10,000 Accounts Payable 5,400 Wages Payable 29,460 Vilardi, Capital Vilardi, Drawing 1,500 Service Fees 63,000 Wages Expense 15,100 Rent Expense 7,800 Supplies Expense Utlities Expense 860 Insurance Expense Depreciation Expense Equipment Accounting numeric field 107,860 107,860 Net Income Previous Next
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