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From the following data, make the following adjustments, and complete the worksheet for th

From the following data, make the following adjustments, and complete the worksheet for th

From the following data, make the following adjustments, and complete the worksheet for the month.

(a) Amortization Expense is $250.

(b) Supplies available $250, supplies on hand $75.

(c) Prepaid Insurance balance $400, $100 has expired.

(d) Wages for the 5-day work-week are $500, the month ended on a Wednesday.

 

 

DR

CR

DR

CR

DR

CR

DR

CR

DR

CR

Cash

750

 

 

 

 

 

 

 

 

 

Accts. Receivable

400

 

 

 

 

 

 

 

 

 

Supplies

250

 

 

 

 

 

 

 

 

 

Prepaid Ins.

400

 

 

 

 

 

 

 

 

 

 

Equipment

 

7,000

 

 

 

 

 

 

 

 

 

Accts. Payable

 

900

 

 

 

 

 

 

 

 

Capital

 

 

7,100

 

 

 

 

 

 

 

 

Fees Earned

 

900

 

 

 

 

 

 

 

 

Wages Expense

100

 

 

 

 

 

 

 

 

 

Totals

 

8,900

 

8,900

 

 

 

 

 

 

 

 

 

 

 

 

 

18) Using the following data, make the adjustments, and complete the worksheet for the month.

(a) Equipment costing $750 with a residual value of $150 has an expected life of 12 months.

(b) Accrued salaries of $100.

(c) Supplies ledger balance $900, supplies used $400.

 

Account Trial BalanceAdjustmentsAdj. Trial BalInc. St'mentBalance Sheet

 

DR

CR

DR

CR

DR

CR

DR

CR

DR

CR

Cash

1,000

 

 

 

 

 

 

 

 

 

Accts. Rec.

400

 

 

 

 

 

 

 

 

 

Supplies

900

 

 

 

 

 

 

 

 

 

Equipment

750

 

 

 

 

 

 

 

 

 

Accts. Payable

 

700

 

 

 

 

 

 

 

 

Capital

 

1,950

 

 

 

 

 

 

 

 

Withdrawals.

200

 

 

 

 

 

 

 

 

 

Fees Earned

 

900

 

 

 

 

 

 

 

 

Sal. Expense

300

 

 

 

 

 

 

 

 

 

Totals

 

3,550

 

3,550

 

 

 

 

 

 

 

 

 

 

 

 

 

Tripti 06-Dec-2019

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