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Please refer to the worksheet below

Please refer to the worksheet below.  Please complete the worksheet, including the balancing amounts in                                          the last row.

 

Trial BalanceAdjustmentsAdjusted Trial BalanceIncome StatementBalance Sheet

Account TitleDr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.

Cash$1,700$1,700

Accounts receivable8,500$2,00010,500

Supplies100$8020

Equipment7,5007,500

Accumulated depreciation$2,000240$2,240             

Accounts payable1,2001,200

Salary payable800180980

Unearned revenue600600

Common stock1,0001,000

Retained earnings2,4002,400

Dividends2,3002,300

Service revenue40,0002,00042,000

Salary expense24,00018024,180

Supplies expense2,300802,380

Depreciation expense1,6002401,840

$48,000$48,000$2,500$2,500$50,420$50,420                           

 

 

 

36Please refer to the worksheet below:

Trial BalanceAdjustmentsAdjusted Trial BalanceIncome StatementBalance Sheet

Account TitleDr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.

Cash$1,700

Accounts receivable8,500

Supplies100

Equipment7,500

Accumulated depreciation$2,000             

Accounts payable1,200

Salary payable800

Unearned revenue600

Common stock1,000

Retained earnings2,400

Dividends2,300

Service revenue40,000

Salary expense24,000

Supplies expense2,300

Depreciation expense1,600

$48,000$48,000

 

 

 

Post adjustments needed according to the information below, and complete the worksheet.

 

?At year-end, the company has earned $2,000 of service revenue from a client, but has not yet completed the job, or received a payment.

 

?At year-end, the company owes $180 of salaries to its staff that it has not paid yet.

 

?At year-end, the company has only $20 of supplies left.

 

?At year-end, the company records $240 of depreciation expense.

Dec 19 2019 View more View Less

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