Question
The unadjusted trial balance or R. Tryon, Consultant is entered on the partial worksheet below. Write the adjusting entries in proper format and Complete the
The unadjusted trial balance or R. Tryon, Consultant is entered on the partial worksheet below. Write the adjusting entries in proper format and Complete the work sheet using the following information: a) Salaries earned by employees that are unpaid and unrecorded, $500. b) An inventory of supplies showed $800 of unused supplies still on hand. c) Depreciation on equipment, $1,300. Grading: Each number entered is worth 2pts. za Work Sheet For the year ended December 31,20XX Account Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet and Statement of Owners Equity DebitCreditDebitCreditDebitCreditDebitCreditDebit Credit Cash 14,000 14000 Supplies 1,000 200 800 Equipment 11,000 11000 Accum. Depr. Equipment 2,000 1300 Accounts Payable 500 Salaries Payable 500 R. Tryon, Capital 6,500 R. Tryon, Withdrawals 1,500 1500 Fees Earned 30,000 Salary Expense 7,500 Rent Expense 4,000 Supplies Expense Depreciation Expense Totals 39,000 39000 2,000 2,000 40,800 40,800 Net Income Totals General Journal Adjusting entries Debit Credit Salary expense Salaries Payable To record salaries earned but not yet paid Supplies expense Supplies to record Supplies used Depreciation Expense Accum. Deprec. - Equip. to record depreciaiton on equipment
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