From the following trial balance and adjustment data, complete a worksheet for J. Revere as of December
Question:
From the following trial balance and adjustment data, complete a worksheet for J. Revere as of December 31, 2023:
a. Depreciation expense, store equipment, $6.00.
b. Insurance expired, $3.00.
c. Store supplies on hand, $5.00.
d. Wages owed but not paid, $8.00 (they are an expense in the old year).
Cash Accounts Receivable Prepaid Insurance Store Supplies Store Equipment J. REVERE TRIAL BALANCE DECEMBER 31, 2023 Accumulated Depreciation, Store Equipment Accounts Payable J. Revere, Capital J. Revere, Withdrawals Revenue from Clients Rent Expense Wage Expense Dr. 400 1000 700 10 00 2000 300 900 700 7000 Cr. 600 1200 600 4600 7000
Step by Step Answer:
J REVERE WORKSHEET FOR THE MONTH ENDED DECEMBER 31 2023 Account Titles Trial Balance Dr Cr Adjustmen...View the full answer
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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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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