Business
College Accounting
Given the following trial balance and adjustment data for The

Given the following trial balance and adjustment data for The Debbie Rose Art Studio of Richmond, your

Question:

Given the following trial balance and adjustment data for The Debbie Rose Art Studio of Richmond, your task is to prepare a worksheet for the month of November, the first month of operations in a new fiscal year.

Adjustment Data

a. Painting supplies on hand, $595.

b. Prepaid rent represents the first and last months? rent on a new office lease signed November 1, 2018.

c. Depreciation on studio equipment is based on straight-line, five-year life and a residual value of $480.

d. Wages earned but unpaid amounted to 24.5 hours at $10 per hour.

Transcribed Image Text:

THE DEBBIE ROSE ART STUDIO TRIAL BALANCE NOVEMBER 30, 2018 Dr. Cr. 38 1300 282000 Cash Accounts Receivable Prepaid Rent Painting Supplies Studio Equipment Accumulated Depreciation, Studio Equipment Accounts Payable Debbie Rose Allen, Capital 85000 |92100 598500 199500 178800 582800 781600 Painting Revenue Advertising Expense Utilities Expense Wages Expense 51000 27800 225000 17 427 00 17 42700 Totals

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 50% (6 reviews)

Account Titles Cash Accounts Receivable Prepaid Rent Painting Supplies Studio Equipment Acc Depn Stu...View the full answer

Answered By

HILLARY KIYAYI

I am a multi-skilled, reliable & talented Market analysis & Research Writer with a proven ability to produce Scholarly Papers, Reports, Research and Article Writing and much more. My ultimate quality is my English writing/verbal skill. That skill has proven to be the most valuable asset for project writing, Academic & Research writing, Proofreading, HR Management Writing, business, sales, and a variety of other opportunities.

4.80+ 24+ Reviews 60+ Question Solved

Related Book For answer-question

College Accounting A Practical Approach

ISBN: 978-0134166698

13th Canadian edition

Authors: Jeffrey Slater, Debra Good

See More Books

Question Posted: Dec 17, 2019 07:44 AM

See More Questions

Students also viewed these Business questions

Given the following trial balance and adjustment data for Lauras Screen Printing Service of Richmond, your task is to prepare a worksheet for the month of November, the first month of operations in a...
Given the following trial balance and adjustment data for Lings Landscaping Service of Merritt, prepare a worksheet for the month of December. Adjustment Data a. Landscaping supplies on hand, $60 b....
The unadjusted trial balance and adjustment data for Edge Sports Repair Shop are presented in P4-2B. Data from P4-2B Additional information: 1. Service revenue earned but not recorded at September...
In Exercises 1138, use the given conditions to write an equation for each line in point-slope form and slope-intercept form. Slope = 2, passing through (3, 5)
Find the least number of times it is necessary to lift a pencil from the paper when drawing each of the graphs in Exercises 1-7 without retracing any part of the graph. b
Let be a polynomial of degree n 2. Show that has at least one point of inflection if n is odd. Then give an example to show that need not have a point of inflection if n is even.
Hooters Restaurant in Myrtle Beach, South Carolina, used an alternative dispute resolution program, a program to resolve disputes outside the traditional court system. Employees of Hooters had to...
Using the data in Problem 4-13, test to see if there is a statistically significant relationship between the grade on the first test and the final average at the 0.05 level of significance. Use the...
if assets are 1 1 5 , 0 0 0 , owner investments are 2 9 , 0 0 0 , loss of 2 5 , 5 0 0 and owner withdrawals are 6 , 9 0 0 . what are the liabilities
Raptor Fuels produces three grades of gasoline Regular, Premium, and Super. All of these are produced by blending two types of crude oil Crude A and Crude B. The two types of crude contain specific...
John?s Repair Service prepares adjustments monthly and showed the following Unadjusted Trial Balance as of September 30, 2019: Additional information for the month ended September 30,...
What is the purpose of adjusting accounts?
Write a program in MATLAB that will do the following: a. Plot the Nyquist diagram of a system b. Display the real-axis crossing value and frequency Apply your program to a unity feedback system with...
Consider the following signal n x[n] = (-) u[n - 3] (1) Find the z-transform of this signal. (2) Specify the ROC in the z-plane. (3) Discuss whether the Fourier transform of this signal exists.
A ball is kicked from a location (6,0,-8) (on the ground) with the initial velocity (-9,14,-5) m/s. The ball's speed is low enough that air resistance is negligible. a) What is the velocity of the...
Focuses on Process we go through when making decision. Decision making is a linear process that involves a number of steps/ stages it can be analysed and considered independently. Think about either...
We have the following information about an economy. Answer the following questions. Show your work. Money supply = $ 22 million Nominal GDP = $99 million Real GDP = $90 million...
Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying the materials for a given color, the vats must be cleaned and prepared for the next...
Star Stream is a subscription-based video streaming service. Subscribers pay $120 per year for the service. Star Stream licenses and develops content for its subscribers. In addition, Star Stream...
Smiths Family Fashions implemented a balanced scorecard performance measurement system several years ago. Smiths is a locally owned clothing retailer with fashions for men, women, teens, and...
From the following posted T accounts, reconstruct the closing journal entries for December 31,201X. M. Ferron, Capital Withdrawals 700 4,000 (Dec. 1) Insurance Expense 275 Closing 275 2,425 Net...
From the following accounts (not in order), prepare a post-closing trial balance for Winter Co. on October 31,201X. Accounts Rc Legal Supplies Office Equipment Repair Expense Salaries Expense 28,500...
Consider the data in Figure for Daisys Dance Studio: Adjustment Data a. Insurance expired, $100. b. Dance supplies on hand, $1,100. c. Depreciation on dance equipment, $2,000. d. Salaries earned by...
User On 1 0 / 0 1 / x 1 a company pays the rent of $ 6 6 0 for a storage unit to house its equipment. The rent cover the period 1 0 / 1 / x 1 through 3 / 3 1 / x 2 / . What will the entry on 1 0 / 0...
"If a machine with a cost of $50,000, a useful life of 5 years, and an expected production of 100,000 units, produces 20,000 units in a year, what would be the depreciation expense for that year...
Background information Membina Limited ( Membina ) is a large, Melbourne - based construction company that specialises in high - rise developments. One of the assets that support Membina s high -...

Operating Systems Internals And Design Principles 9th Global Edition - ISBN: 978-1292214290 - Free Book

Study smarter with the SolutionInn App