From the following trial balance (Figure) and adjustment data, complete a worksheet for J. Tripp as of
Question:
a. Depreciation expense, equipment, $1.
b. Insurance expired, $5.
c. Store supplies on hand, $7.
d. Wages owed, but not paid for (they are an expense in the old year),$6
Transcribed Image Text:
. TRIPP TRIAL BALANCE OCTOBER 31, 201x Dr Cr Cash Accounts Receivable Prepaid Insurance Store Supplies Store Equipment Accumulated Depreciation, Equipment Accounts Payable 200 200 9100 800 500 Tripp, Capital . Tripp, Withdrawals Revenue from Clients Rent Expense Wage Expense 100 0 1000 200 8300 0
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J TRIPP WORKSHEET FOR MONTH ENDED OCTOBER 31 201X Account Titles C...View the full answer
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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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