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The trial balance for Game Time on July 31 is as follows: Game Time Data for month-end adjustments are as follows: a. Expired or used-up
The trial balance for Game Time on July 31 is as follows: Game Time Data for month-end adjustments are as follows: a. Expired or used-up insurance, $504. b. Depreciation expense on equipment, $910. c. Depreciation expense on repair equipment, $175. d. Wages accrued or earned since the last payday, $570 (owed and to be paid on the next payday). e. Supplies used, $125. Prepare a statement of owner's equity. Assume that no additional investments were made during July. If an amount is zero, enter " 0 ". Game Time Statement of Owner's Equity For Month Ended July 31, 20-- Feectbock T Check My Work Drenare a halanre sheet. Feectback Check My Work 1. Include a three-line title. The date is for a specific point in time. 2. List the assets. Cash is always listed first and usually followed by Ac 3. Total the assets. 4. List liabilities. Total liabilities. 5. Insert ending capital balance from Statement of Owner's Equity
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