Dakota Services Co. offers cleaning services to business clients. The trial balance for Dakota Services Co. has
Question:
Dakota Services Co. offers cleaning services to business clients. The trial balance for Dakota Services Co. has been prepared on the end-of-period spreadsheet (work sheet) for the year ended July 31, 2008, shown below.
The data for year-end adjustments are as follows:
a. Fees earned, but not yet billed, $5.
b. Supplies on hand, $1.
c. Insurance premiums expired, $4.
d. Depreciation expense, $2.
e. Wages accrued, but not paid, $1.
Enter the adjustment data, and place the balances in the Adjusted Trial Balancecolumns.
Dakota Services Co. End-of-Period Spreadsheet (Work Sheet) For the Year Ended July 31, 2008 Unadjusted Trial Balance Adjusted Trial Balance Adjustments Cr. Account Title Dr Cr Cash Accounts Receivable Supplies Prepaid Insurance Land Equipment Accum. Depr-Equipment Accounts Payable Wages Payable Christina Keene, Capital Christina Keene, Drawing Fees Earned Wages Expense Rent Expense Insurance Expense Utilities Expense Depreciation Expense Supplies Expense Miscellaneous Expense 4 25 4 25 16 56 4 30 100 100
Step by Step Answer:
Account Title DAKOTA SERVICES CO EndofPeriod Spreadsheet Work Sheet For t...View the full answer
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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