Answered step by step
Verified Expert Solution
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
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started