Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the trial balance below, and the additional data provided, CREATE a worksheet for Ron's Wholesale Clothing Company. 11A-4. From the trial balance in Figure
Using the trial balance below, and the additional data provided, CREATE a worksheet for Ron's Wholesale Clothing Company.
11A-4. From the trial balance in Figure 11.13 and additional data, complete the worksheet for Ron's Wholesale Clothing Company. Additional Data a./b. Ending merchandise inventory on December 31, S5,100 c. Supplies on hand, $650 d. Insurance expired, $550. e. Depreciation on store equipment, $650 f. Storage fees earned, $145. RON'S WHOLESALE CLOTHING COMPANY TRIAL BALANCE DECEMBER 31, 201X Balance Account Cr Cash Petty Cash Accounts Receivable Merchandise Inventory Supplies Prepaid Insurance Store Equipment Accumulated Depreciation, Store Equipment Accounts Payable Federal Income Tax Pavable FICA-Social Security Payable FICA-Medicare Payable State Income Tax Payable SUTA Tax Payable FUTA Tax Payable Unearned Storage Fees Ron Win, Capital Ron Win, Withdrawals Income Summary Sales Sales Returns and Allowances Sales Discount Purchases Purchases Discount Purchases Returns and Allowances Freight-In Salaries Expense Payroll Tax Expense Interest Expense 4 2 3 0 00 2 0000 74 0000 93 0000 13 0000 820 00 21 00 00 100 0 00 11 2 05 00 100000 454 00 00 190 00 10 2 00 3000 25 0 00 14 50000 112 3 9 0 00 4015 2 00 145 000 13 55 00 25 00000 55000 50000 17 500 1150000 39000 92 5 00 Totals 70045 00 70 04 500Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started