Question: Take me to the text Swordfish Programming is owned by John Kulak and provides computer solutions to the hospitality industry. At the end of January
Take me to the text Swordfish Programming is owned by John Kulak and provides computer solutions to the hospitality industry. At the end of January 2021, they had the following adjustments. Jan 31 Interest of $570 had accrued on the bank loan. Jan 31 The balance of prepaid insurance is for a 10-month policy, one month of insurance has been used. Jan 31 During January, Swordfish Programming earned $570 of unearned revenue. Jan 311 Required The computers were purchased on January 1, 2021 and have an expected useful life of five years, after which they will have no residual value. Record depreciation for January Using the following trial balance, complete the adjustments and the adjusted trial balance in the worksheet. Do not enter dollar signs or commas in the input boxes. Swordfish Programming Worksheet January 31, 2021 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account DR CR DR CR DR CR Cash 5,900 5900 x Accounts Receivable 2,790 Prepaid Insurance 11,000 Computers 9,600 Accumulated Depreciation-Computers Swordfish Programming Worksheet January 31, 2021 Unadjusted Trial Balance Adjusted Trial Balance CR Adjustments Account DR CR DR CR DR Cash 5,900 5900 x Accounts Receivable. 2,790 Prepaid Insurance 11,000 Computers 9,600 Accumulated Depreciation-Computers Accounts Payable Interest Payable 1,400 Unearned Revenue. 5,300 570 Bank Loan, 3,900 Kulak, Capital 17,280 Kulak, Withdrawals 1,260 Service Revenue 4,620 Depreciation Expense Unearned Revenue Bank Loan 3,900 Kulak, Capital 17,280 Kulak, Withdrawals 1,260 4,620 Service Revenue Depreciation Expense Insurance Expense Interest Expense Rent Expense Telephone Expense Total Chank 1,730 220 32,500 32,500
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
