Update the trial balance for Ling?s Landscaping Service (Figure 4.26 ) for January 31, 201X. Adjustment Data
Question:
Update the trial balance for Ling?s Landscaping Service (Figure 4.26 ) for January 31, 201X.
Adjustment Data to Update the Trial Balance
a. Rent expired, $500.
b. Landscaping supplies on hand (remaining), $150.
c. Depreciation expense, landscaping equipment, $250.
d. Wages earned by workers but not paid or due until February, $725.
Your task is to prepare a worksheet for Ling?s Landscaping Service for the month of January.
LING'S LANDSCAPING SERVICE TRIAL BALANCE JANUAY 31, 201X Account Titles Dr. Cr. Cash in Bank 370000 Accounts Receivable 100000 200000 127500 Prepaid Rent Landscaping Supplies Landscaping Equipment 220000 Accumulated Depreciation, Landscaping Equipment 88000 Accounts Payable 80000 A. Ling, Capital 494000 Landscaping Revenue 520000 Heat Expense 32500 Advertising Expense Wage Expense 6000 126000 Totals 1182000 118 2000
Step by Step Answer:
Account Titles Cash in bank Accounts Receivable Prepaid Rent Landscaping Supplies Land...View the full answer
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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