Accounting
27th Edition
ISBN: 9781337272094
Author: WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher: Cengage Learning,
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Chapter 4, Problem 4.24EX
Adjustment data on an end-of-period spreadsheet
Alert Security Services Co. offers security services to business clients. The
| Accum. Depr.—Equipment | 4 | |
| Accounts Payable | 36 | |
| Wages Payable | 0 | |
| Brenda Schultz, Capital | 260 | |
| Brenda Schultz, Drawing | 8 | |
| Fees Earned | 200 | |
| Wages Expense | 110 | |
| Rent Expense | 12 | |
| Insurance Expense | 0 | |
| Utilities Expense | 6 | |
| Supplies Expense | 0 | |
| Depreciation Expense | 0 | |
| Miscellaneous Expense | 2 | |
| 500 | 500 |
The data for year-end adjustments are as follows:
a. Fees earned but not yet billed, $13
b. Supplies on hand, $4.
c. Insurance premiums expired, $10.
d. Depreciation expense, $3.
e. Wages accrued but not paid, $1.
Enter the adjustment data and place the balances in the Adjusted Trial Balance columns.
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The following is selected information related to Culumber Company at December 31, 2022. Cullumber reports fancia information
monthly
$4.113 Salaries and Wages Expente
Accounts Payable
$22621
Cash
8,911
Notes Payable
34275
Advertising Expense
8.226
Renst Expense
14395
Service Revenue
73,148
Actounts Receivable
18508
39.759
Owne's Drawing
10.282
tquipment
(a)
Your aswer is incorrect
Determine the totalassets of Culumber Company at December 31.2022
Total asets
Sample Worksheet
Work Sheet
For the Month Ended January 31, 2020
Trial Balance
Adjustments
Adj. T/Balance
Income Statement
Balance Sheet
Account Title
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
13,200
22,000
5,400
29,250
22,000
5,400
Cash
20,000 b-h
3,950
29,250
22,000
a
CD'S
Other Securities
5,400
Loan Payable
Owner' Equity
25,000
15,600 b
25,000
15,100
25,000
15,100
500
Revenue
a
20,000
20,000
20,000
Interest Income
Utilities expense
Internet & Telephone
Advertising Expense
C
300
300
300
150
150
150
e
300
300
300
Rent Expense
f
2,000
2,000
2,000
Supplies expense
450
450
450
Insurance expense
250
250
250
40,100
16,550
56,650
40,600
23,950
60,100
3,450
16,550
20,000
40,600
23,950
60,100
20,000
56,650
Net income
20,000
56,650
1. Cash is overstate by 500.00 and Owners Equity is overstated by $500.00.
2. Utilities Expense of $300.00 was paid on January 25.
3. Insurance expense of $250.00 was paid on January 27.
4. supplies for the month in the amount of $450.00 was purchased.
5. Rent for…
The Following is tue Trial balance g j Jamieson
Jamieson a
31 october 2020, You are to draw Up an income state
Debit
16,950
Credit.
purchases
Sales
Stouk in hand 31october 2019
23, 240
4,135
pastages and
Motor expenses
Salaries
Sundry expenses
Rent
telephone
228
399
4,364
83
'390
Rates
155
4,698
Debtors
Oreditors
Premises
Motor Vehicles
Fixture and Fittings
Bank Overdraft
Drawings
Capital
3,174
סטס ןסב
2,350
1120
1,458
50
3,8
20,850
48,722
48722
St
Notes as at 31 October 2020
(1)Stock on hand was 2,859
(2) Expense Owing
(2)
: Sundry expenses 22, motur Expenses 58
Telephone 11
Expenses prepaid: Rates 23,
re the depreciation
(4) 1gn ot Fixed Asset.
NB
e Intome Statement -
please Ure, good ing
go
hendwritts
prepare
for easy Follow,
Chapter 4 Solutions
Accounting
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