The trial balance of Torres Company as of February 28, 2013, appears below. INSTRUCTIONS 1. Record the

Question:

The trial balance of Torres Company as of February 28, 2013, appears below.
The trial balance of Torres Company as of February 28,

INSTRUCTIONS
1. Record the trial balance in the Trial Balance section of the worksheet.
2. Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $1,100; expired rent, $1,000; depreciation expense for the period, $500.
Analyze:
Why do you think the account Accumulated Depreciation-Equipment has a zero balance on the trial balance shown?

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Related Book For  book-img-for-question

College Accounting A Contemporary Approach

ISBN: 978-0073396958

2nd edition

Authors: David Haddock, John Price, Michael Farina

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