A partial work sheet for Marges Place is shown below. Prepare the following adjustments on this work
Question:
A partial work sheet for Marge’s Place is shown below. Prepare the following adjustments on this work sheet for the month ended June 30, 20—.
a. Expired or used- up insurance, $ 450.
b. Depreciation expense on equipment, $ 750. (Remember to credit the Accumulated Depreciation account for equipment, not Equipment.)
c. Wages accrued or earned since the last payday, $ 380 (owed and to be paid on the next payday).
d. Supplies used $110.
Marge's Place Work Sheelt For Month Ended June 30, 20- TRIAL BALANCE DEBIT ADJUSTMENTS DEBIT 6 ACCOUNT NAME 7 Cash CREDIT CREDIT Supplies 9 Prepaid Insurance 10 Equipment 4,370.00 250.00 1,800.00 4,880.00 1,350.00 2,539.00 4,544.00 12 Accounts Payatle 13 M. Benson, Capital 14-M Benson, Drawing 15 Income from Services 16 Rent Expense 17 Supplies Expense 2,000.00 6,937.00 1,086.00 256.00 660.00 68.00 1 370.00 18 Wages Expense 19 Miscellanecus Expense 20 15,370.00 Sheet1 、Sheet2·Sheet3
Step by Step Answer:
Marges Place Work Sheet For Month Ended June 30 20 x T...View the full answer
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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