Question: Hello can you help please. Correcting Work Sheet with Errors A beginning accounting student tried to complete a work sheet for Joyce Lee's Tax Service.

Hello

can you help please.

Correcting Work Sheet with Errors

A beginning accounting student tried to complete a work sheet for Joyce Lee's Tax Service. The work sheet is shown.Hello can you help please. Correcting Work Sheet with Errors A beginning

he following adjusting entries were to have been analyzed and entered onto the work sheet.

  1. Ending inventory of supplies as of March 31, $160.
  2. Unexpired insurance as of March 31, $520.
  3. Depreciation of office equipment, $275.
  4. Wages earned, but not paid as of March 31, $110.

Required:

The accounting student made a number of errors. Review the work sheet for addition mistakes, transpositions, and other errors and make all necessary corrections.

accounting student tried to complete a work sheet for Joyce Lee's Tax

Joyce Lee's Tax Service Work Sheet For Month Ended March 31, 20-- Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Account Title Debit Credit Debit Credit Cash 1,725 1,725 1,725 960 960 960 525 365 365 930 (a) 160 (b) 410 (c) 275 540 540 5,450 5,175 5,175 480 480 480 Accounts Receivable Supplies Prepaid Insurance Office Equipment Accumulated Depreciation Office Equipment Accounts Payable Wages Payable Joyce Lee, Capital Joyce Lee, Drawing Professional Fees Wages Expense Advertising Expense Rent Expense (d) 110 110 110 7,500 7,500 7,500 1,125 1,125 1,125 5,700 5,700 5,700 1,420 (d) 110 1,420 1,420 1,580 350 350 350 700 700 700 Supplies Expense 160 160 160 Phone Expense 130 130 130 Utilities Expense 190 190 190 (b) 410 410 410 Insurance Expense Depreciation Expense-Office Equipment Miscellaneous Expense (c) 275 275 275 175 175 175 13,680 13,680 955 955 13,160 13,790 4,566 5,810 9,508 7,980 Net Income 1,244 1,528 5,810 5,810 9,508 9,508 le den lades TMDES DI IS. Neviewce VOIR Steel 1 ero di mare decessary -LOS. Joyce Lee's Tax Service Work Sheet For Month Ended March 31, 20-- Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 1,725 Accounts Receivable 960 Supplies 525 Prepaid Insurance 930 Office Equipment 5,450 Accumulated Depreciation-office Equipment 480 Accounts Payable Wages Payable Joyce Lee, Capital 7,500 Joyce Lee, Drawing 1,125 Professional Fees 5,700 Wages Expense 1,420 Advertising Expense 350 Rent Expense 700 Supplies Expense Phone Expense 130 Utilities Expense 190 Insurance Expense Depreciation Expense-Office Equipment Miscellaneous Expense 175 13,680 13,680 Net Income

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