Question: K Sans t.. U Assig .. Question 1 [20 points] fx Marois 202306-13 9 Official Time: 6:56:11 Lg Lab 3.3... lifa1.lyryx.com . New... Spreadsheet Print
K Sans t.. U Assig .. Question 1 [20 points] fx Marois 202306-13 9 Official Time: 6:56:11 Lg Lab 3.3... lifa1.lyryx.com . New... Spreadsheet Print {11 ct juni... Freterances Help Q Conn. . Regist... r0 + Q1; Facillt... Please enter the following information, taken at year-end, in the trial balance by entering the letter (on the left) and amount (on the right) of each adjustment in the 'Adjustments' column, for the appropriate accounts. Then ll in the 'Adjusted Trial Balance' column with the balances of each account. a. Furniture purchased in a previous year for $23,000 will be sold after ten years for $750. D. United Corporation rents part of its building for a monthly fee of $4,250 The rent for the month just past has not been received. c. $3,700 of property taxes have accrued and are unrecorded. d. The yearly depreciation on the equipment is $950. e. $2,350 of the advertising paid for in advance has been published by the newspaper. f. Of the consulting fees United Corporation received in advance, $1,400 has been earned. g. A review of the $23,500 unadjusted balance in the prepaid rent account shows a remaining balance of $16,250 at the end of the year. h. $990 of interest has accrued on a note receivable and is unrecorded. United Corporation Trial Balance December 31, 2023 Unadjusted Adjusted Trial Trial Balance Adjustments Balance Account Dr. Cr. [ Dr. Cr. Dr. Cr. Accounts payable,..,., ., ., ., 350 Accumulated depreciation, equipment 38,400 Accumulated depreciation, furniture ____ 10,300 Advertising expensenw 400 Cash 104,170 Consulting revenue earned,\" 6,400 Depreciation expense, equipment 0 v lifa1.lyryx.com + up Sans t... Assig... Ly Introd.. Assig... Ly Introd.. Ly Lab 3.3... New... Home... Cours... Y ct juni.. Conn... Regist... Cup Facilit... United Corporation Trial Balance December 31, 2023 Unadjusted Adjusted Trial Trial Balance Adjustments Balance Account Dr. Cr. Dr. Cr. Dr. Cr. Accounts payable. 350 Accumulated depreciation, equipment 38,400 Accumulated depreciation, furniture. 10,300 Advertising expense. 400 Cash. 104, 170 Consulting revenue earned.. 6,400 Depreciation expense, equipment. o O Depreciation expense, furniture.. Equipment. 39,500 Furniture.. 23,000 Interest earned. 9,200 Interest receivable. 0 Notes receivable.. 12,000 Prepaid advertising 3,600 Prepaid rent. 23,500 Property taxes expense. 8,500 Property taxes payable. Rent earned 11,400 Rent expense.. 13,200 Rent receivable. Retained earnings. 270 Share capital. 144,600 Unearned consulting revenue.. 7,300 Utilities expense. 350 Totals. 228,220 228,220 SUBMIT AND MARK SAVE AND CLOSE
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
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 Finance Questions!