Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the information given complete the table given below: Additional information: a. Annual depreciation of the equipment; $11,300. b. $11,800 of the Prepaid Insurance

Using the information given complete the table given below: Additional information: a. Annual depreciation of 

Using the information given complete the table given below: Additional information: a. Annual depreciation of the equipment; $11,300. b. $11,800 of the Prepaid Insurance balance has expired. c. Unbilled and unrecorded revenues at year-end totalled $30,800. Required: Use the information provided to complete the columns. Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation, equipment Accounts payable Abraham Nuna, capital Abraham Nuna, withdrawals Revenues Depreciation expense, equipment Salaries expense Insurance expense Totals $ $ Unadjusted Trial Balance Dr. 13,800 31,800 16,600 108,000 108,000 NUNA MUSIC Trial Balances February 28, 2017 0 Cr. $ 22,800 18,800 211,000 185,700 14,300 478,200 $ 225,600 478,200 $ Adjustments Dr. 0 Cr. Adjusted Trial Balance Dr. Cr. 0

Step by Step Solution

3.42 Rating (146 Votes )

There are 3 Steps involved in it

Step: 1

Based on the information provided in the image and the additional information given we need to make adjustments in the accounts as follows a Annual depreciation of the equipment 11300 This amount will ... 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

College Mathematics For Business Economics, Life Sciences, And Social Sciences

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

14th Edition

0134674146, 978-0134674148

More Books

Students also viewed these Accounting questions

Question

Differentiate. h(t) = 32

Answered: 1 week ago

Question

4. In Exercise 3, are the random variables X and Y independent?

Answered: 1 week ago

Question

A contract in which the values exchanged may be unequal is

Answered: 1 week ago

Question

Define Administration and Management

Answered: 1 week ago

Question

Define organisational structure

Answered: 1 week ago