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Week 5: Trial Balance and Adjustments submit your work by the end of Week 5, 11:59pm EST. Using the information from the Excel workbook from
Week 5: Trial Balance and Adjustments submit your work by the end of Week 5, 11:59pm EST.
Using the information from the Excel workbook from Week 3s submission, Pat completed a worksheet using the following information for accounting adjustments.
Review the completed the columns for the below adjusting entries, income statement, and balance sheet. Also, review the recorded the required closing entries.
- Expired insurance, $553.
- Ending store supplies inventory, $2,632.
- Ending office supplies inventory, $504.
- Depreciation of store equipment, $567.
- Depreciation of office equipment, $329.
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