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The trial balance for Game Time on July 31 is as follows: Game Time Trial Balance July 31, 20-- Account Name Debit Credit Cash 14,721
The trial balance for Game Time on July 31 is as follows:
Game Time | ||
Trial Balance | ||
July 31, 20-- | ||
Account Name | Debit | Credit |
Cash | 14,721 | |
Supplies | 257 | |
Prepaid Insurance | 1,295 | |
Equipment | 17,642 | |
Accumulated Depreciation, Equipment | 2,287 | |
Repair Equipment | 1,265 | |
Accumulated Depreciation, Repair Equipment | 880 | |
Accounts Payable | 942 | |
B. Ryan, Capital | 23,871 | |
B. Ryan, Drawing | 2,000 | |
Game Fees | 7,954 | |
Concession Fees | 3,752 | |
Wages Expense | 1,068 | |
Rent Expense | 980 | |
Utilities Expense | 246 | |
Repair Expense | 180 | |
Miscellaneous Expense | 32 | |
39,686 | 39,686 |
Data for month-end adjustments are as follows:
Expired or used-up insurance, $480.
Depreciation expense on equipment, $850.
Depreciation expense on repair equipment, $120.
Wages accrued or earned since the last payday, $525 (owed and to be paid on the next payday).
Supplies used, $70.
Question Content Area
Required:
1. Complete a work sheet for the month. If no amount is required, enter 0.
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