Question: P3-71B (Learning Objectives 3, 4: Preparing an adjusted trial balance and the financial ) Consider the unadjusted trial balance of Kings, Inc., at August 31,


P3-71B (Learning Objectives 3, 4: Preparing an adjusted trial balance and the financial ) Consider the unadjusted trial balance of Kings, Inc., at August 31, 20X6, and the statements related month-end adjustment data Kings, Inc. Trial Balance Work Sheet August 31, 20X6 8 Trial Balance Adjustments Adjusted Trial Balance Debit Credit Account Debit Credit Debit Credit as... 9,200 Accounts receivable.. Prepaid rent. Suppli 2,400 2,200 .81,000 Accumulated depreciation.. Accounts payable Salary payabe Share capital.. Retained earnings... 3,900 2 71,020 | Salary expense. Kent expensc Utilities expense. Depreciation expense. Supplies expense03 420 103 4o Total .3,000 520
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
