ABC Services Worksheet For the Quarter Ended March 31, 2021 Trial Balance Account Titles Debit Credit 11,400 5,620 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Notes Payable 1,050 2,400 30,000 10,000 Accounts Payable Owner's Capital Owner's Drawings 12,350 20,000 600 Service Revenue Salaries and Wages Expense Travel Expense Rent Expense Miscellaneous Expense 13,620 2,200 1,300 1,200 200 55,970 55,970 Totals Other data: 1. Supplies on hand total Tk 480. 2. Depreciation is Tk 800 per quarter. 3. Interest accrued on 6-month note payable, issued January 1, Tk 300. 4. Insurance expires at the rate of Tk 200 per month i.e., tk 600 for the quarter. 5. Services provided but unbilled at March 31 total Tk 1,030 Requirements: (a) Enter the trial balance on a worksheet and complete the worksheet.

ABC Services Worksheet For the Quarter Ended March 31, 2021 Trial Balance Account Titles Debit Credit 11,400 5,620 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Notes Payable 1,050 2,400 30,000 10,000 Accounts Payable Owner's Capital Owner's Drawings 12,350 20,000 600 Service Revenue Salaries and Wages Expense Travel Expense Rent Expense Miscellaneous Expense 13,620 2,200 1,300 1,200 200 55,970 55,970 Totals Other data: 1. Supplies on hand total Tk 480. 2. Depreciation is Tk 800 per quarter. 3. Interest accrued on 6-month note payable, issued January 1, Tk 300. 4. Insurance expires at the rate of Tk 200 per month i.e., tk 600 for the quarter. 5. Services provided but unbilled at March 31 total Tk 1,030 Requirements: (a) Enter the trial balance on a worksheet and complete the worksheet.

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Accounting For Merchandising Businesses

Section: Chapter Questions

Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....

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