1. Late-arriving bills pertaining to the 20-5 year were Supplies Miscellaneous Expense Truck Expense Total $...

Transcribed Image Text:

1. Late-arriving bills pertaining to the 20-5 year were Supplies Miscellaneous Expense Truck Expense Total $ 56.20 26.85 563.85 $646.90 2. Office supplies on hand at October 31 are valued at $360. 3. Unexpired insurance at October 31 is calculated at $510.95. 4. Depreciation is calculated using the straight-line method. All assets were on hand for the entire year. . The equipment cost $9500 and was expected to last for 10 years. It was estimated that it would be worth $1500 at the end of that time. The truck cost $19 500 and was expected to last for five years. It was estimated that it would be worth $3500 at the end of that time. 5. The small tools at October 31 are valued at $350. The tools represented by the difference between the $350 figure and the trial balance figure have been lost, stolen, or used up. 6. Of the $25 369.20 shown on the trial balance under Materials Used, $2850 is still on hand and unused. 1. Late-arriving bills pertaining to the 20-5 year were Supplies Miscellaneous Expense Truck Expense Total $ 56.20 26.85 563.85 $646.90 2. Office supplies on hand at October 31 are valued at $360. 3. Unexpired insurance at October 31 is calculated at $510.95. 4. Depreciation is calculated using the straight-line method. All assets were on hand for the entire year. . The equipment cost $9500 and was expected to last for 10 years. It was estimated that it would be worth $1500 at the end of that time. The truck cost $19 500 and was expected to last for five years. It was estimated that it would be worth $3500 at the end of that time. 5. The small tools at October 31 are valued at $350. The tools represented by the difference between the $350 figure and the trial balance figure have been lost, stolen, or used up. 6. Of the $25 369.20 shown on the trial balance under Materials Used, $2850 is still on hand and unused.

Answer rating: 100% (QA)

To calculate the adjusted trial balance we need to make adjustments for the given information 1 Late... View the full answer