Consider the following unadjusted trial balance for Suarez Computer Center at September 30, 201X: (Click the...

      

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Consider the following unadjusted trial balance for Suarez Computer Center at September 30, 201X: (Click the icon to view the unadjusted trial balance.) At the end of September, Troy, the owner, took a complete inventory of his supplies and found the following: (Click the icon to view the supplies data.) After speaking to his accountant, Troy found that a reasonable depreciation amount for each of his long-term assets is as follows: (Click the icon to view the depreciation data.) August and September's rent (of the three months included in the Prepaid Rent balance), has now expired. Assignment Reference Suarez Computer Center Trial Balance September 30, 201X Dr. Account Cash Accounts Receivable Prepaid Rent Supplies Computer Shop Equipment Office Equipment Accounts Payable Falco, Capital Falco, Withdrawals Service Revenue Advertising Expense Rent Expense Utilities Expense Phone Expense 9,090 2,700 1,500 1,000 3,360 1,500 1,500 500 800 185 235 Cr. 570 12,500 9,620 More info 3 dozen 1/4-inch screws at a cost of $5.00 a dozen 6 dozen 1/2-inch screws at a cost of $10.00 a dozen 5 cartons of computer inventory paper at a cost of $8 a carton 7 feet of coaxial cable at a cost of $11.00 per foot Assignment Use the unadjusted trial balance and the adjusting information given to complete the worksheet for the 3 months ended September 30, 201X. From the worksheets, prepare the financial statements. Consider the following unadjusted trial balance for Suarez Computer Center at September 30, 201X: (Click the icon to view the unadjusted trial balance.) At the end of September, Troy, the owner, took a complete inventory of his supplies and found the following: (Click the icon to view the supplies data.) After speaking to his accountant, Troy found that a reasonable depreciation amount for each of his long-term assets is as follows: (Click the icon to view the depreciation data.) August and September's rent (of the three months included in the Prepaid Rent balance), has now expired. Assignment Reference Suarez Computer Center Trial Balance September 30, 201X Dr. Account Cash Accounts Receivable Prepaid Rent Supplies Computer Shop Equipment Office Equipment Accounts Payable Falco, Capital Falco, Withdrawals Service Revenue Advertising Expense Rent Expense Utilities Expense Phone Expense 9,090 2,700 1,500 1,000 3,360 1,500 1,500 500 800 185 235 Cr. 570 12,500 9,620 More info 3 dozen 1/4-inch screws at a cost of $5.00 a dozen 6 dozen 1/2-inch screws at a cost of $10.00 a dozen 5 cartons of computer inventory paper at a cost of $8 a carton 7 feet of coaxial cable at a cost of $11.00 per foot Assignment Use the unadjusted trial balance and the adjusting information given to complete the worksheet for the 3 months ended September 30, 201X. From the worksheets, prepare the financial statements.

Answer rating: 100% (QA)

To complete the worksheet for the 3 months ended September 30 201X we need to perform the necessary adjustments and enter the adjusted balances into t... View the full answer