Just Right Hair Stylists has begun the preparation of its worksheet as follows: Year-end data include the
Question:
Year-end data include the following:
a. Office supplies on hand, $300.
b. Depreciation, $700.
c. Accrued interest expense, $800.
Complete Just Right's worksheet through the adjusted trial balance section. In the adjustments section, mark each adjustment by letter.
JUST RIGHT HAIR STYLISTS Worksheet December 31, 2018 Adjustments Unadjusted Trial Balance Adjusted Trial Balance Account Names Debit Debit Credit Credit Debit Credit Cash 300 Office Supplies 900 20,600 Equipment $ 700 Accumulated Depreciation-Equipment Accounts Payable 500 Interest Payable Note Payable 2,800 Common Stock 4,200 Service Revenue 17,500 Rent Expense Supplies Expense 3,200 Depreciation Expense-Equipment Interest Expense 700 Total $25,700 $25,700
Step by Step Answer:
JUST RIGHT HAIR STYLISTS Worksheet December 31 2018 Accoun...View the full answer
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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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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