The trial balance and adjustment data of Mylas Motors at November 30, 2012, follow: Additional data at

Question:

The trial balance and adjustment data of Myla€™s Motors at November 30, 2012, follow:

The trial balance and adjustment data of Myla€™s Motors at

Additional data at November 30, 2012:
a. Depreciation on equipment, $1,100.
b. Accrued wage expense, $600.
c. Supplies on hand, $200.
d. Prepaid insurance expired during November, $200.
e. Unearned service revenue earned during November, $4,000.
f. Accrued service revenue, $800.

Requirements
1. Complete Myla€™s worksheet for November. Key adjusting entries by letter.
2. Prepare the income statement, the statement of owner€™s equity, and the classified balance sheet in account form for the month ended November 30,2012.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Accounting

ISBN: 978-0132569309

9th Edition

Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv

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