Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

There are more columns under this. I am posting the trial balance as beginning account balances below this. Prepare an adjusted trial balance at May

image text in transcribed

There are more columns under this. I am posting the trial balance as beginning account balances below this.

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

Prepare an adjusted trial balance at May 31, 2022. AN DERSON CONSULTING Adjusted Trial Balance Debit Credit $ $ Cash No. 101 Date Explanation Ref. Debit Credit Balance May 31 Balance 4,600 Accounts Receivable No. 112 Date Explanation Ref. Debit Credit Balance May 31 Balance v 6,000 May 31 Adjusting 14 1,700 7,700 Supplies No. 126 Date Explanation Ref. Debit Credit Balance May 31 Balance 1,700 May 31 Adjusting 14 600 1,100 Prepaid Insurance No. 130 Date Explanation Ref. Debit Credit Balance May 31 Balance v 4,800 May 31 Adjusting 34 200 4,600 Equipment No. 149 Date Explanation Ref. Debit Credit Balance May 31 Balance 12,000 Accumulated Depreciation- Equipment No. 150 Date Explanation Ref. Debit Credit Balance May 31 Adjusting J4 200 200 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance May 31 Balance v 4,500 May 31 Adjusting 14 300 4,800 Unearned Service Revenue No. 209 Date Explanation Ref. Debit Credit Balance May 31 Balance 2,000 May 31 Adjusting 14 1,700 300 Salaries and Wages Payable No. 212 Date Explanation Ref. Debit Credit Balance May 31 Adjusting 14 1,320 1,320 Owner's Capital No. 301 Date Explanation Ref. Debit Credit Balance May 31 Balance 19,400 Service Revenue No. 400 Date Explanation Ref. Debit Credit Balance May 31 Balance v 7,700 May 31 Adjusting J4 1,700 9,400 May 31 Adjusting 14 1,700 11,100 Supplies Expense No. 631 Date Explanation Ref. Debit Credit Balance May 31 Adjusting J4 600 600 Depreciation Expense No. 717 Date Explanation Ref. Debit Credit Balance May 31 Adjusting 14 200 200 Insurance Expense No. 722 Date Explanation Ref. Debit Credit Balance May 31 Adjusting 14 200 200 Salaries and Wages Expense No. 726 Date Explanation Ref. Debit Credit Balance May 31 Balance 3,300 May 31 Adjusting 14 1,320 4,620 Rent Expense No. 729 Date Explanation Ref. Debit Credit Balance May 31 Balance 1,200 Utilities Expense No. 732 Date Explanation Ref. Debit Credit Balance May 31 Adjusting 34 300 300

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Auditing Cases An Interactive Learning Approach

Authors: Steven M Glover, Douglas F Prawitt

4th Edition

0132423502, 978-0132423502

Students also viewed these Accounting questions

Question

Why do we forget information?

Answered: 1 week ago