Feenie Produce Company's trial balance below pertains to December 31, 2014. Additional data at December 31, 2014:

Question:

Feenie Produce Company's trial balance below pertains to December 31, 2014.
FEENIE PRODUCE COMPANY Trial Balance December 31, 2014 $ 22,150 Cash Accounts receivable 109,600 Inventory Store supplie

Additional data at December 31, 2014:
a. Insurance expense for the year should total $21,600.
b. Store fixtures have an estimated useful life of 10 years and are expected to have no value when they are retired from service.
c. Accrued salaries at December 31, $5,500.
d. Accrued interest expense at December 31, $1,600.
e. Store supplies on hand at December 31, $23,800.
f. Inventory based on the inventory count on December 31, $116,500.
Required
Feenie Produce Company uses the periodic inventory system. Complete Feenie Produce Company's work sheet for the year ended December 31, 2014. Key adjustments by letter.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting Volume 1

ISBN: 978-0132690096

9th Canadian edition

Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

Question Posted: