Question: Make sure to make a balance sheet with assets and liabilities side by side. L01 (c IPT/QI 4B-3. Using the trial balance in Figure 4.28,

Make sure to make a balance sheet with assets and liabilities side by side. Make sure to make a balance sheet with assets and liabilities side

L01 (c IPT/QI 4B-3. Using the trial balance in Figure 4.28, and adjustment data of Kyler's Moving Co., prepare 1. a worksheet for the month of January 2. an income statement for January, a statement of owner's equity for January, and a balance sheet as of January 31, 2018. Adjustment Data to Update Trial Balance a. Insurance expired, $450. b. Moving supplies on hand, $400. c. Depreciation on moving truck, $350. d. Wages earned but unpaid, $180. FIGURE 4.28 KYLER'S MOVING CO. TRIAL BALANCE JANUARY 31, 2018 Cr. Dr. 1 100 000 180 000 1 0 0 000 16 00 0.00 Cash Prepaid Insurance Moving Supplies Moving Truck Accumulated Depreciation, Moving Truck Accounts Payable K. Hilton, Capital K. Hilton, Withdrawals Revenue from Moving Wages Expense Rent Expense Advertising Expense 5 50 000 2 2 0 000 192 2 800 130 000 8 3 lobo Check Figure Net Income 31 5 000 7175.00 170300 35 7 2 800 35 72 800

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!

Q:

\f