Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The unadjusted trial balance for Sandhill at its year end, April 30, 2021, is as follows: SANDHILL Trial Balance April 30, 2021 Debit Credit Cash

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

The unadjusted trial balance for Sandhill at its year end, April 30, 2021, is as follows: SANDHILL Trial Balance April 30, 2021 Debit Credit Cash $11.430 Accounts receivable 8,960 Prepaid rent 4,875 Equipment 24,000 Accumulated depreciation equipment $6,000 Accounts payable 5,810 Notes payable 12.000 Unearned revenue 1.500 T. Muzyka, capital 26,250 T. Muzyka drawings 4.150 Service revenue 15,240 Salaries experise 9.865 Interest expense 770 Depreciation expense 2.750 S66,800 S66.800 Additional information 1 $S70 or the uneamed revenues to be recognized became the related gardenine services have been provided by April 30, 2021 2 The equipment has an estimated tuseful life of eight years 3 Interest on the note payable is due on the first day of each month for the previous month's interest. The note payable hasa 7% annual interest rate Prepare the work sheet for the month ended April 30,2021 SANDHILL Work Sheet Unadjusted Trial Balance Adjustments Account Titles Dr. Cr. Dr. Cr. Cash $11.430 $ $ Accounts receivable 8,960 Prepaid rent 4,875 Equipment 24,000 Accumulated depreciation equipment $6,000 Accounts payable 5,810 Notes payable 12.000 Unearned revenue 1500 -N Ureamed = 1500 Interest payable I Murya Capital 2620 Muzyka drawines 4150 Service Revenue 15240 Salaries opene 9.BAS Depreciation opense 2.750 Interesten 770 Totals SAA BOO 566 BOD $ Profit Total Adjustments Adjusted Trial Balance D 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

Total Quality Safety Management And Auditing

Authors: Michael B. Weinstein

1st Edition

1566702836, 978-1566702836

More Books

Students also viewed these Accounting questions

Question

6. Have you used solid reasoning in your argument?

Answered: 1 week ago