Show which columns would contain the adjusted balances by placing an "x" in the appropria
Show which columns would contain the adjusted balances by placing an "x" in the appropriate column. Assume all accounts have normal balances.
Income StatementBalance Sheet
Word Processing Equipment____________________________
M. Bryant, Capital____________________________
M. Bryant, Withdrawals____________________________
Word Processing Fees____________________________
Office Salaries Expense____________________________
10) From the following data, prepare the adjustments for the month and record the appropriate debits and credits in T accounts.
(a) Office furniture costing $3,000 with no residual value has a life expectancy of 60 months.
(b) Supplies available $800, supplies on hand $500.
(c) Prepaid Insurance balance $500, one-fifth has expired.
11) Provide the adjusting entries to account for the differences between the trial balance amounts and the adjusted trial balance amounts for the accounts shown. Only a partial trial balance is provided. Use T accounts to show the adjustments.
Trial BalanceTrial Balance
Debit Credit Debit Credit