Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the information given complete the table given below: Additional information: Annual depreciation of the equipment; $12,100. $12,600 of the Prepaid Insurance balance has expired.

image text in transcribed

Using the information given complete the table given below: Additional information:

  1. Annual depreciation of the equipment; $12,100.
  2. $12,600 of the Prepaid Insurance balance has expired.
  3. Unbilled and unrecorded revenues at year-end totalled $31,600.

Required: Use the information provided to complete the columns. image text in transcribed

Using the information given complete the table given below: Additional information: a. Annual depreciation of the equipment: $12,100. b. $12,600 of the Prepaid Insurance balance has expired. c. Unbilled and unrecorded revenues at year-end totalled $31,600. Required: Use the information provided to complete the columns. NUNA MUSIC Adjusted Trial Balance Dr. Cr. Cash $ Accounts receivable Trial Balances February 28, 2020 Unadjusted Trial Balance Adjustments Dr. Cr. Dr. Cr. 14,600 32.600 17,400 105,000 $ 23,600 19,600 219,000 105,000 221,200 Prepaid insurance Equipment Accumulated depreciation, equipment Accounts payable Abraham Nuna, capital Abraham Nuna, withdrawals 0 Revenues Depreciation expense, equipment Salaries expense Insurance expense Totals 193,700 15,100 483,400 $ $ 483,400

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

Financial Accounting

Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac

14th edition

1305088433, 978-1305088436

More Books

Students also viewed these Accounting questions

Question

Show that - |z| Answered: 1 week ago

Answered: 1 week ago

Question

1. Eat lunch with a different group of students every day.

Answered: 1 week ago

Question

What do you think?

Answered: 1 week ago