Question: Be............................................ ........... LO EXERCISE 4-4 A partial work sheet for Marge's Place is shown below. Prepare the following adjustments on this work sheet for the

 Be............................................ ........... LO EXERCISE 4-4 A partial work sheet for Marge's

Be............................................ ........... LO EXERCISE 4-4 A partial work sheet for Marge's Place is shown below. Prepare the following adjustments on this work sheet for the month ended June 30, 20--. Pra a. Expired or used-up insurance, $450. b. Depreciation expense on equipment, $750. (Remember to credit the Accumulated Depreciation account for equipment, not Equipment.) c. Wages accrued or earned since the last payday, $380 (owed and to be paid on the next payday). d. Supplies used, $110. B C D E Marge's Place 2 Work Sheet 3 For Month Ended June 30, 20- 4 5 TRIAL BALANCE ADJUSTMENTS 6 ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT 7 Cash 4,370.00 B Supplies 250.00 g Prepaid Insurance 1,800.00 10 Equipment 4.880.00 Accumulated Depreciation, Equipment 1,350.00 12 Accounts Payable 2,539.00 13 M. Benson, Capital 4,544.00 14 M. Benson, Drawing 2,000.00 15 Income from Services 6,937.00 16 Rent Expense 1086.00 17 Supplies Expense 256:00 Wages Expense 660.00 Miscellaneous Expense 68.00 20 15,370.00 15.370.00 21 Sheet1 Sheetz Sheet3

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!