Question: EXERCISE 4-5 Complete the work sheet for Ramey Company, dated December 31, 20--, through the adjusted trial balance using the following adjustment information: a. Expired
EXERCISE 4-5 Complete the work sheet for Ramey Company, dated December 31, 20--, through the adjusted trial balance using the following adjustment information: a. Expired or used-up insurance, $460. b. Depreciation expense on equipment, $870. (Remember to credit the Accumulated Depreciation account for equipment, not Equipment.) Wages accrued or earned since the last payday, $120 (owed and to be paid on the next payday). d. Supplies remaining, $80. B 1 2 3 D E Ramey Company Work Sheet For Month Ended December 31, 20- G 4 ADJUSTMENTS DEBIT CREDIT ADJUSTED TRIAL BALANCE DEBIT CREDIT 5 TRIAL BALANCE 6 ACCOUNT NAME DEBIT CREDIT 7 Cash 5,190.00 8 Supplies 430.00 9 Prepaid Insurance 1,200.00 10 Equipment 4,678.00 11 Accumulated. Depr., Equip. 1,556.00 12 Accounts Payable 1.875.00 13 S. Ramey, Capital 6,026.00 14 S. Ramey, Drawing 1,700.00 15 Service Fees 5,836.00 16 Rent Expense 965.00 17 Supplies Expense 267.00 18 Wages Expense 765.00 19 Miscellaneous Expense 98.00 20 15,293.00 15,293.00 21 NM Sheet1 Sheet2 Sheet3
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