Complete the work sheet for Ramey Company, dated December 31, 20-, through the adjusted trial balance...
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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.) c. Wages accrued or earned since the last payday, $120 (owed and to be paid on the next payday). d. Supplies remaining, $80. If no amount is required, enter 0. ACCOUNT NAME 1 Cash 2 Supplies 3 Prepaid Insurance 4 Equipment 5 Accum. Depr., Equipment 6 Accounts Payable 7 S. Ramey, Capital 8 S. Ramey, Drawing TRIAL BALANCE DEBIT 5,190 430 1,200 4,678 Ramey Company Work Sheet For Month Ended December 31, 20-- 1,700 CREDIT 1,556 1,875 6,026 ADJUSTMENTS DEBIT CREDIT 350 460 870 > ADJUSTED TRIAL B DEBIT 5,190 80 740 4,678 1,700 ACCOUNT NAME Cash Supplies Prepaid Insurance Equipment Accum. Depr., Equipment Accounts Payable S. Ramey, Capital S. Ramey, Drawing Service Fees nt Expense upplies Expense Wages Expense Miscellaneous Expense Insurance Expense Depreciation Expense, Equipment Wages Payable TRIAL BALANCE DEBIT 5,190 430 1,200 4,678 1,700 965 267 765 98 15,293 X X CREDIT 1,556 1,875 6,026 5,836 15,293 X X ADJUSTMENTS DEBIT 350 120 460 870 1,800 CREDIT Accounting numeric field 460 870 120 1,800 ADJUSTED TRIAL BALANC DEBIT 5,190 80 740 4,678 1,700 965 617 885 98 460 870 16,283 > > > > CRED] 2,4 1,8 6,0 5,8 1 16,2 h -plies baid Insurance ipment um. Depr., Equipment counts Payable Ramey, Capital amey, Drawing vice Fees t Expense es Expense Expense cellaneous Expense urance Expense preciation Expense, Equipment ges Payable 5,190 430 1,200 4,678 1,700 965 267 765 98 15,293 X Accounting numeric field 1,556 1,875 6,026 5,836 15,293 X 350 120 460 870 1,800 350 460 870 120 1,800 5,190 80 740 4,678 1,700 965 617 885 98 460 870 16,283 > > 2,426 1,875 6,026 5,836 120 16,283 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.) c. Wages accrued or earned since the last payday, $120 (owed and to be paid on the next payday). d. Supplies remaining, $80. If no amount is required, enter 0. ACCOUNT NAME 1 Cash 2 Supplies 3 Prepaid Insurance 4 Equipment 5 Accum. Depr., Equipment 6 Accounts Payable 7 S. Ramey, Capital 8 S. Ramey, Drawing TRIAL BALANCE DEBIT 5,190 430 1,200 4,678 Ramey Company Work Sheet For Month Ended December 31, 20-- 1,700 CREDIT 1,556 1,875 6,026 ADJUSTMENTS DEBIT CREDIT 350 460 870 > ADJUSTED TRIAL B DEBIT 5,190 80 740 4,678 1,700 ACCOUNT NAME Cash Supplies Prepaid Insurance Equipment Accum. Depr., Equipment Accounts Payable S. Ramey, Capital S. Ramey, Drawing Service Fees nt Expense upplies Expense Wages Expense Miscellaneous Expense Insurance Expense Depreciation Expense, Equipment Wages Payable TRIAL BALANCE DEBIT 5,190 430 1,200 4,678 1,700 965 267 765 98 15,293 X X CREDIT 1,556 1,875 6,026 5,836 15,293 X X ADJUSTMENTS DEBIT 350 120 460 870 1,800 CREDIT Accounting numeric field 460 870 120 1,800 ADJUSTED TRIAL BALANC DEBIT 5,190 80 740 4,678 1,700 965 617 885 98 460 870 16,283 > > > > CRED] 2,4 1,8 6,0 5,8 1 16,2 h -plies baid Insurance ipment um. Depr., Equipment counts Payable Ramey, Capital amey, Drawing vice Fees t Expense es Expense Expense cellaneous Expense urance Expense preciation Expense, Equipment ges Payable 5,190 430 1,200 4,678 1,700 965 267 765 98 15,293 X Accounting numeric field 1,556 1,875 6,026 5,836 15,293 X 350 120 460 870 1,800 350 460 870 120 1,800 5,190 80 740 4,678 1,700 965 617 885 98 460 870 16,283 > > 2,426 1,875 6,026 5,836 120 16,283
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Worksheet of Ramey Company after adjustments ACCOUNT NAME Cash Supplies Prepaid Insur... View the full answer
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
Posted Date:
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