Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The unadjusted trial balance of Wireless Link at November 30, 2024 follows: (Click the icon to view the trial balance.) Additional information at November

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

The unadjusted trial balance of Wireless Link at November 30, 2024 follows: (Click the icon to view the trial balance.) Additional information at November 30, 2024: (Click the icon to view the additional information.) Requirements 1. Complete Wireless Link's worksheet for the month ended November 30, 2024. 2. How much was net income for November? Requirement 1. Complete Wireless Link's worksheet for the month ended November 30, 2024. Enter the adjustments in the adjustments columns of the worksheet. Key adjusting entries by letter. Then complete the adjusted balances columns of the worksheet. (Abbreviations used: Acc. Depr. = Accumulated Depreciation; Equip. Equipment.) = Account Names Cash Accounts Receivable Prepaid Rent Office Supplies Equipment S Wireless Link Worksheet November 30, 2024 Unadjusted Trial Balance Adjustments Debit Credit Debit Credit 3,800 3,700 1,500 3,800 33,800 Additional information at November 30, 2024: (Click the icon to view the additional information.) Office Supplies 3,800 Equipment 33,800 Acc. Depr-Equipment $ 1,100 Accounts payable 5,200 Salaries Payable Common Stock Dividends Service Revenue 36,450 2,400 8,850 Depreciation Expense-Equip. Salaries Expense 1,600 Rent Expense Utilities Expense Supplies Expense Total S 1,000 51,600 $ 51,600 Data table Wireless Link Unadjusted Trial Balance November 30, 2024 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Balance Debit Credit 3,800 3,700 1,500 3,800 33,800 1,100 5,200 Salaries Payable Common Stock 36,450 Dividends 2,400 Service Revenue 8,850 Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Common Stock Dividends Service Revenue Depreciation Expense-Equipment 59 $ 1,100 5,200 36,450 2,400 8,850 Salaries Expense 1,600 Rent Expense Utilities Expense 1,000 Supplies Expense $ 51,600 $ 51,600 Total More info a. Accrued service revenue, $850. b. Depreciation, $800. c. Accrued salaries expense, $900. d. Prepaid rent expired, $950. e. Office Supplies used, $700.

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_2

Step: 3

blur-text-image_3

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

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0073379616, 73379611, 978-0697789938

More Books

Students also viewed these Accounting questions

Question

=+for the shareholder of the acquiring company?

Answered: 1 week ago

Question

=+for the shareholder of the acquired company?

Answered: 1 week ago

Question

=+for the acquired company?

Answered: 1 week ago