Home / Questions / 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 |
|
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|
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|
|
|
|
|
|
Supplies |
250 |
|
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|
|
|
|
|
|
|
|
Prepaid Ins. |
400 |
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|
|
|
|
|
|
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|
Equipment |
7,000 |
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|
|
|
|
|
|
|
|
|
Accts. Payable |
|
900 |
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|
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|
|
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Capital |
|
7,100 |
|
|
|
|
|
|
|
|
|
Fees Earned |
|
900 |
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|
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|
|
|
|
Wages Expense |
100 |
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Totals |
8,900 |
8,900 |
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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 |
|
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|
|
|
|
|
|
|
|
Equipment |
750 |
|
|
|
|
|
|
|
|
|
|
Accts. Payable |
|
700 |
|
|
|
|
|
|
|
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Capital |
|
1,950 |
|
|
|
|
|
|
|
|
|
Withdrawals. |
200 |
|
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|
|
|
|
|
|
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Fees Earned |
|
900 |
|
|
|
|
|
|
|
|
|
Sal. Expense |
300 |
|
|
|
|
|
|
|
|
|
|
Totals |
3,550 |
3,550 |
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