Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the unadusted trial balance of Neig The unadjusted trial balance of Neighbourhood Roofing at October 31, 2020, appones below Additional data at October 31, 2020

image text in transcribed
image text in transcribed
the unadusted trial balance of Neig
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The unadjusted trial balance of Neighbourhood Roofing at October 31, 2020, appones below Additional data at October 31, 2020 (Click the icon to view the additional data) Required Complete Neighbourhood Roofing's worksheet for October The unadjusted balances have been entered for you in the trial balance columns of a worksheet Identity cach austing entry by its letter s below. Additional Data dj a 202 a. Amortization for the period to be recorded: equipment, $3,600, building, $4,800. b. Wages expense to be recorded because employees worked but have not yet been paid, $4,600. C. A count of supplies showed that unused supplies amounted to $89,000 d. During October, $5,400 of prepaid insurance coverage was used. e. Accrued interest expense, $2,400. 1. Of the $77,000 balance of Unearned Service Revenue, $35.000 was earned during October 9. Accrued advertising expense, $2,600 (credit Accounts Payable) h. The company performed $10,000 of services for a client and has not yet been paid. usti Print Done o The unadjusted trial balance Neighbourhood Roofing at October 31, 2020, appears below. Additional data at October 31, 2020: (Click the icon to view the additional data.) Required Complete Neighbourhood Roofing's worksheet for October. The unadjusted balances have been entered for you in the trial balance columns of a worksheet. Identify each adjusting entry by its letter - Neighbourhood Roofing Worksheet For the Month Ended October 31, 2020 Trial Balance Adjustments Debit Credit Debit Adjusted Trial Balance Credit Debit Account Credit Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated amort.-equipment Building Accumulated amort-building 143,000 234,000 109,000 39,000 214,000 157 440 269,000 63,000 10 nnn nel A Calculator Cabin This Get More Help 63,000 181,000 150,000 0 0 Accumulated amort-building Land Accounts payable Interest payable Wages payable Unearned service revenue Note payable, long-term M. Collins, capital M. Collins, withdrawals Service revenue 77,000 138.000 532 260 33,000 149,000 0 0 Amortization expense-equipment Amortization expense-building Wages expense 35.000 532 260 M Collins, capital M. Collins, withdrawals Service revenue 33.000 149,000 0 Amortization expense equipment Amortization expense-building Wages expense 0 35,000 0 Insurance expense 0 8,000 Interest expense Utilities expense Advertising expense Supplies expense 1.700 0 1,266 700 1266, 700 Total

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

Ebook Principles Of Financial Accounting

Authors: John Wild, Ken Shaw, Barbara Chiappetta

2nd Edition

0077166183, 9780077166182

More Books

Students also viewed these Accounting questions

Question

What does this public think about this issue?

Answered: 1 week ago

Question

What benefits can you offer this public?

Answered: 1 week ago

Question

How free does this public see itself to act on this issue?

Answered: 1 week ago