Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The trial balance columns of the worksheet for Cullumber Company at June 30, 2020, are as follows. Cullumber Company Worksheet For the Month Ended June

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

The trial balance columns of the worksheet for Cullumber Company at June 30, 2020, are as follows. Cullumber Company Worksheet For the Month Ended June 30, 2020 Trial Balance Account Titles Dr. Cr. Cash 2,200 Accounts Receivable 2,600 Supplies 2,000 1,000 350 2,520 Accounts Payable Unearned Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense Miscellaneous Expense Total 3,700 660 110 7,570 7.570 Other data: 1. 2. A physical count reveals $600 of supplies on hand. $130 of the unearned revenue is still unearned at month-end. Accrued salaries are $260. 3. Complete the worksheet. Account Titles Trial Balance Adjustments Dr Cr. Dr Cr. Cash 2.200 Accounts Receivable 2,600 Supplies 2,000 Accounts Payable 1,000 Unearned Service Revenue 350 Owner's Capital 2,520 Service Revenue 3,700 Salaries and Wages Expense 660 Miscellaneous Expense 110 Totals 7,570 7,570 Supplies Expense Salaries and Wages Payable Totals Net Income Totals CULLUMBER COMPANY Worksheet Adj. Trial Balance Income Statement Dr Cr. Dr Cr. Income Statement Balance Sheet Dr Cr. Dr Cr

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Practical Approach Chapters 1-15

Authors: Jeffrey Slater

7th Edition

0130954888, 978-0130954886

More Books

Students also viewed these Accounting questions

Question

Understand how HRM can support a sustainable competitive advantage.

Answered: 1 week ago

Question

Develop knowledge of the Italian entrepreneurial business context.

Answered: 1 week ago