Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

10 11 17 18 Office Equipment, $740, paying $150 down, placing the balance on account, Ck# 1002. Received and paid the telephone bill, which included

image text in transcribed
image text in transcribed
image text in transcribed
10 11 17 18 Office Equipment, $740, paying $150 down, placing the balance on account, Ck# 1002. Received and paid the telephone bill, which included installation charges, $148, Ck. #1003. Performed professional services on account, $3,170. Received and paid the bill for the State Veterinary Convention, $425, Ck. #1004, (Miscellaneous Expense). Received and paid the utility bill, $98, Ck. #1005. Received cash on account from credit customers, $920. Paid on account to ABC Office Supply, Inv. #1654, $181, Ck. #1006. Paid the office rent for the current month, $792, Ck. #1007. Received $658 cash for boarding fees. Paid the receptionist's salary, $833, Ck. #1008. Withdrew cash for personal use, $1,252, Ck. #1009. 20 23 24 28 30 > 31 1 2 5 6 6 You deposited $30,000 into a bank account in the name of the business, and also, your personal computer, printer, and scanner (Office Equipment) in the business with a fair market value of $2,675. Bought filing cabinets on account from ABC Office Supply, $1,076, Inv. #1654. (Office Furniture) Paid ca:sh for office supplies purchased at XYZ Office Supply, $609, Inv. #1713. Ck# 1000. Paid cash for chairs and carpets from Ducky's Office Furniture for reception area, $1,092, Ck. #1001. Bought a photocopier from JZ's Office Equipment, $740, paying $150 dawn, placing the balance on account, Ck# 1002. Received and paid the telephone bill, which included installation charges, $148, Ck. #1003. Performed professional services on account, $3,170. Received and paid the bill for the State Veterinary Convention, $425, Ck. #1004, (Miscellaneous Expense). Received and paid the utility bill, $98, Ck. #1005. 8 10 11 17 18 Prepare the Adjustments section of the worksheet using the following information: o Compute and record the adjustment for supplies used during the month. An inventory showed supplies on hand of $153. Record the adjustment for depreciation of Office Equipment of $93 for the month. 0 Record the adjustment for depreciation of Office Furniture of $38 for the month

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

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

Data Analytics For Accounting

Authors: Vernon Richardson

3rd Edition

1264444907, 9781264444908

More Books

Students also viewed these Accounting questions

Question

Am I surfing to avoid feelings of loneliness, stress, or a nger?

Answered: 1 week ago