From the following trial balance (Figure) and adjustment data, complete a worksheet for J. Tripp as of
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a. Depreciation expense, equipment, $3.
b. Insurance expired, $3.
c. Store supplies on hand, $4.
d. Wages owed but not paid for (they are an expense in the old year),$10.
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J. TRIPP TRIAL BALANCE OCTOBER 31, 201X Dr Cr Cash Accounts Receivable 600 200 4 00 7 00 9 00 Store Supplies Store Equipment Accumulated Depreciation, Equipment Accounts Payable . Tripp, Capital L. Tripp, Withdrawals Revenue from Clients Rent Expense Wage Expense 3 00 4 00 10 00 it 900 2 500 3 00 2 00 4200 4200
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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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