From the following trial balance, complete a worksheet for Jims Hardware of Halifax: Assumptions a. Physical count
Question:
From the following trial balance, complete a worksheet for Jim’s Hardware of Halifax:
Assumptions
a. Physical count of inventory on December 31, $615.
b. Insurance expired, $150.
c. Depreciation expense on store equipment, $60.
d. Accrued wages, $90.
Transcribed Image Text:
Cash Accounts Receivable Inventory Prepaid Insurance Store Equipment Accumulated Depreciation, Store Equipment Accounts Payable Jim Spool, Capital Income Summary Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold Wages Expense Rent Expense JIM'S HARDWARE TRIAL BALANCE DECEMBER 31, 2021 Telephone Expense Miscellaneous Expense Dr. 78600 115200 600 00 68400 216000 54600 21600 498600 171600 79200 11400 9600 1384800 Cr. 66000 51600 163200 1104000 13 84 800 ▬▬▬
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Account Titles Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Store Equipment Acc ...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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