The owner of Patel Antique Clock Company of Churchill has asked you to prepare a worksheet from
Question:
PATEL ANTIQUE CLOCK COMPANY
TRIAL BALANCE
MAY 31, 2014
Additional Data
a. and b. Ending clock inventory on May 31, 2014, $12,488.92
c. Supplies on hand at May 31 totalled $376.40
d. Insurance expired, $502.51
e. Amortization expense on equipment for the year ending May 31, 2014, is calculated using the straight-line method, 10-year life with a residual value of $600.
f. Advertising bill received, $300, plus GST of $15
g. Employees had worked but not been paid for 43.5 hours at $12 per hour at year-end.
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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