Required: Complete the worksheet by making the following adjustments: supplies on hand at the end of...
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Required: Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,200; expired insurance, $7,000; depreciation expense for the period, $3,100. Analyze: How does the insurance adjustment affect Prepaid Insurance? Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,200; expired insurance, $7,000; depreciation expense for the period, $3,100. NEAL COMPANY Worksheet (Partial) Month Ended January 31, 2019 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 103,500 Accounts Receivable 20,300 Supplies 37,900 Prepaid Insurance 57,000 Equipment 107,500 Accumulated Depreciation-Equipment Accounts Payable 24,300 Alexander Neal, Capital 251,500 Alexander Neal, Drawing 13,900 Fees Income 97,700 Supplies Expense Insurance Expense Salaries Expense 30,700 Depreciation Expense-Equipment Utilities Expense 2,700 Sub-Totals 373,500 $ 373,500 Totals Required: Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,200; expired insurance, $7,000; depreciation expense for the period, $3,100. Analyze: How does the insurance adjustment affect Prepaid Insurance? Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,200; expired insurance, $7,000; depreciation expense for the period, $3,100. NEAL COMPANY Worksheet (Partial) Month Ended January 31, 2019 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 103,500 Accounts Receivable 20,300 Supplies 37,900 Prepaid Insurance 57,000 Equipment 107,500 Accumulated Depreciation-Equipment Accounts Payable 24,300 Alexander Neal, Capital 251,500 Alexander Neal, Drawing 13,900 Fees Income 97,700 Supplies Expense Insurance Expense Salaries Expense 30,700 Depreciation Expense-Equipment Utilities Expense 2,700 Sub-Totals 373,500 $ 373,500 Totals
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Answer Neal Company Worksheet Completed Month Ended Jan 31 2019 Account Name Trial Balanc... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
Posted Date:
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