FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Comprehensive Problem 1
Part 5: Work Sheet
The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete parts 1, 2, 3, 4 before completing part 5.
Part 5: Enter the unadjusted
- Insurance expired during May is $275.
- Supplies on hand on May 31 are $715.
Depreciation of office equipment for May is $330.- Accrued receptionist salary on May 31 is $325.
- Rent expired during May is $1,600.
- Unearned fees on May 31 are $3,210.
If an amount box does not require an entry, leave it blank or enter "0".
Kelly Consulting End-of-Period Spreadsheet (Work Sheet) For the Month Ended May 31, 20Y8 |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | Income Statement | |||||||
Account Title | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit |
Cash | ||||||||||
Supplies | ||||||||||
Prepaid Rent | ||||||||||
Prepaid Insurance | ||||||||||
Office Equipment | ||||||||||
Accum. Depreciation | ||||||||||
Accounts Payable | ||||||||||
Salaries Payable | ||||||||||
Unearned Fees | ||||||||||
Common Stock | ||||||||||
Dividends | ||||||||||
Fees Earned | ||||||||||
Salary Expense | ||||||||||
Rent Expense | ||||||||||
Supplies Expense | ||||||||||
Depreciation Expense | ||||||||||
Insurance Expense | ||||||||||
Miscellaneous Expense | ||||||||||
Net income | ||||||||||
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