Question: A partial wark whect for Marge's Place is shown belew. Prepare the foltowing adfostmeits on this work sheet for the month ended June 30, 20

 A partial wark whect for Marge's Place is shown belew. Prepare
the foltowing adfostmeits on this work sheet for the month ended June

A partial wark whect for Marge's Place is shown belew. Prepare the foltowing adfostmeits on this work sheet for the month ended June 30, 20 - a. Expired or used-up insurance, $570. b. Depreciation expense on equipment, $770 (Remember to credit the Accumulated Depreciation account for equipment, not Equipment). c. Wages accrued or earned since the last payday, $1,470 (owed and to be paid on the next payday). d. Supplies used, $110. If no amount is required, enter 0 . \begin{tabular}{|c|c|c|c|c|c|c|} \hline & ACCOUNT NAME & DEBIT & CREDIT & DEBIT & CREDIT & \\ \hline 1 & Cash & 4,658 & & & & 1 \\ \hline 2 & Supplies & 250 & & & & 2 \\ \hline 3 & Prepaid Insurance & 1,800 & & & & 3 \\ \hline 4 & Equipment: & 4,880 & & & & 4 \\ \hline 5 & Accumulated Depreciation, Equipment & & 1,350 & & & 5 \\ \hline 6 & Accounts Payable & & 2,539 & & & 6 \\ \hline 7 & M. Benson, Capital & & 4,832 & & & 7 \\ \hline 8 & M. Benson, Drawing & 2,000 & & & & 8 \\ \hline 9 & Income from Services & & 6,937 & & & 9 \\ \hline 10 & D) Rent Expense & 1,086 & & & & 10 \\ \hline 11 & 1 Supplies Expense & 256 & & & & 11 \\ \hline 12 & 2) Wages Expense & 660 & & & & 12 \\ \hline 13] & 3) Miscellaneous Expense & 68 & & & & 13 \\ \hline 14 & 4 & 15,658 & 15,658 & & & 14 \\ \hline 15) & 5 Insurance Expense - & & & & & 15 \\ \hline 16 & 6 Pepreciation Expense, Equipment = & & & & & 16 \\ \hline 17] & 7 Weases Reyable & & & & & 17 \\ \hline & (e) & & & & & 18 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!