Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Word Portal WPUNI Wrect Porta Return to Blackboard PLUS Kimmel, Survey of Accounting, le Help System Announcements CALCULATOS PRINTER VERSION BACK SOURCES ment2 Exercise 4-11

image text in transcribed
image text in transcribed
Word Portal WPUNI Wrect Porta Return to Blackboard PLUS Kimmel, Survey of Accounting, le Help System Announcements CALCULATOS PRINTER VERSION BACK SOURCES ment2 Exercise 4-11 The unadjusted trial balance for Swifty Corporation is shown below. Labilities Assets Accts Pred Ace, Dept. Rec Supplies - Insur. Equip. - Equip 0 2.500 650 4,500 0 Cash Bal. 15,100 Com Stockholders' Equity Hestined Earnings Stock - Rev. Exp - DV 10,000 13,000 7,440 -500 Accts. Int. Uneamed Sala Wages Notes Pay PayPay. + Serv. Rev. 4,500 2,000 1,200 wy by Study Assume the following adjustment data 1. Supplies on hand at October 31 total 5510. 2 Expired insurance for the month is 5110 3. Depreciation for the month is $50. 4. As of October 31, services worth $810 related to the previously recorded neamed revenue had been formed 5 Services performed but unbilled andre receivable has been recorded at October 31 are 1210 6. Interest expense accrued at October 31 is $70 7. Accrued salaries at October 31 are $1.410. Prepare boter summary to record adjustments for the item ve sig the summary that follows atraction results in der Arts. We are per particular Asset, Labor Equity item that was reduced Assets Lab A Supplies 2,500 Prepd. Insur 650 Equip 4.500 Ace Der ED D hot Pay 4.500 Hay f 10 1200 15.100 0 2.000 1. MacBook Help System Announcements CALCULATOR PRINTER VERSION BACK RENT RCES 2 Expired insurance for the month is 10. 3. Depreciation for the month is $50. As of October 31, services worth $810 related to the previously recorded uneared revenue had been performed 5 Services performed but unbilled and no receivable has been recorded) at October 31 are $210. 6 Interest expense accrued at October 31 is $70. 7. Accrued salaries at October 31 are $1,410 wy Prepare a tabular summary to record adjustments for the tems above using the summary that follows. (18 a transaction results in a decrease in Asunt. Libis er Stockholderiquity, mece particular Asset, Liability or gulty item that was reduced.) Assets Liabilities Acct Supplies Ace. Der Act Insur Unitarned Salwagen . Equip - Notes Pay Pay 15,100 Pay Serv. Rev Bal Pay 2.500 4,500 4.500 1,200 10,000 1. red Rec Int 660 0 2.000 O 0 1 7 Ady Click if you would like to show Work for the question Work VI MacBook Air

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Write a Python program to check an input number is prime or not.

Answered: 1 week ago