The trial balance columns of the worksheet for Lim Acupuncture at June 30, 2020, are as follows
Question:
The trial balance columns of the worksheet for Lim Acupuncture at June 30, 2020, are as follows (amounts in thousands).Other data:
1. A physical count reveals HK$500 of supplies on hand.
2. HK$100 of the unearned revenue is still unearned at month-end.
3. Accrued salaries are HK$210.
Instructions
Enter the trial balance on a worksheet and complete the worksheet.
Lim Acupuncture Worksheet For the Month Ended June 30, 2020 Trial Balance Account Titles Dr. Cr. Cash 2,320 Accounts Receivable 2,440 Supplies Accounts Payable 1,880 1,120 Unearned Service Revenue 240 Owner's Capital 3,600 Service Revenue 2,400 Salaries and Wages Expense Miscellaneous Expense 560 160 7,360 7,360
Step by Step Answer:
Account Titles Cash Accounts Receivable Supplies Accounts Payable U...View the full answer
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
Related Video
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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