Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What am I doing wrong here? Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts

What am I doing wrong here?image text in transcribedimage text in transcribed

Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense Service Revenue Supplies Supplies Expense Travel Expense $ 607 307 907 307 207 207 307 3,207 307 107 207 507 107 407 1,507 2,207 6,221 507 207 2,607 1-a. Prepare an adjusted trial balance at September 30, 2018. X Answer is not complete. STARBOOKS CORPORATION Adjusted Trial Balance Account Titles Debit Credit Cash $ 307 Accounts Receivable 307 507 107 Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable 3,207 907 607 Deferred Revenue 207 507 207 Notes Payable (short-term) Notes Payable (long-term) Common Stock Retained Earnings Service Revenue 207 1,500 6,221 x 107 X Interest Revenue 0 X 0 x 0 X Travel Expense Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Income Tax Expense Totals 0 X 0 X 0 $ 12,263 $ 2,642

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

Computer Aided Fraud Prevention And Detection A Step By Step Guide

Authors: David Coderre

1st Edition

0470392436, 978-0470392430

More Books

Students also viewed these Accounting questions