Famous Cut Hair Stylists has begun the preparation of its adjusted trial balance as follows: Year-end data
Question:
Year-end data include the following:
a. Supplies on hand, $300.
b. Depreciation, $1,000.
c. Accrued interest expense, $600.
Requirement
1. Complete Famous Cuts adjusted trial balance. Key each adjustment byletter.
Transcribed Image Text:
FAMOUS CUT HAIR STYLISTS Preparation of Adjusted Trial Balance December 31, 2012 Adjustments Credit Debit Credit Adjusted Trial Balance Credit Trial Balance Debit Account Cash S 800 Supplies Equipment Accumulated depreciation Accounts payable Interest payable Note payable Common stock 900 19,100 $ 1,000 200 2,500 7,400 Service revenue 14,800 4,500 Rent expense Supplies expense Depreciation expense Interest expense 600 $25,900 $25,900 Total
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Question Posted:
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