The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $1,000, Services Revenue...

 

Transcribed Image Text:

The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $1,000, Services Revenue $55,600, and Wages Expense $5,000 Adjustments are required for (a) prepaid rent expired $200; (b) accrued services revenue $900, and (c) accrued wages expense $700 Enter the necessary adjustments on the following work sheet and complete the work sheet for the given accounts CLAUDELL COMPANY Work Sheet Account Title Debit Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet & Statement of Owner's Equity Credit Debit Credit Debit Credit Debit Credit Debit Credit Accounts Receivable 54,700 54,700 Prepaid Rent 1,000 200 800 800 Wages Payable 4,300 4,300 Services Revenue 55,600 900 54,700 54,700 Wages Expense 5,000 700 4,300 4,300 Rent Expense 200 800 800 The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $1,000, Services Revenue $55,600, and Wages Expense $5,000 Adjustments are required for (a) prepaid rent expired $200; (b) accrued services revenue $900, and (c) accrued wages expense $700 Enter the necessary adjustments on the following work sheet and complete the work sheet for the given accounts CLAUDELL COMPANY Work Sheet Account Title Debit Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet & Statement of Owner's Equity Credit Debit Credit Debit Credit Debit Credit Debit Credit Accounts Receivable 54,700 54,700 Prepaid Rent 1,000 200 800 800 Wages Payable 4,300 4,300 Services Revenue 55,600 900 54,700 54,700 Wages Expense 5,000 700 4,300 4,300 Rent Expense 200 800 800

Answer rating: 100% (QA)

To complete the worksheet for Claudell Company we need to make the necessary adjustments for prepaid ... View the full answer