Tuttle Electronics unadjusted trial balance below pertains to December 31, 2023. Additional data at December 31, 2023:

Question:

Tuttle Electronics’ unadjusted trial balance below pertains to December 31, 2023.image


Additional data at December 31, 2023:


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


Tuttle Electronics uses the periodic inventory system. Complete Tuttle Electronics’ worksheet for the year ended December 31, 2023. Key adjustments by letter. You do not need to complete the Adjusted Trial Balance column as totals can be input directly into the financial statement columns.

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Related Book For  book-img-for-question

Horngrens Accounting Volume 1

ISBN: 9780136889373

12th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura

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