9. The unadjusted trial balance of E. Pace, Consulting is entered on the partial work sheet...

 

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9. The unadjusted trial balance of E. Pace, Consulting is entered on the partial work sheet below. Complete the work sheet (Ch. 4) using the following information for adjusting entries: (24 points) (a) Salaries earned by employees that are unpaid and unrecorded, $500. (b) An inventory of supplies showed $800 of unused supplies still on hand. (c) Depreciation on equipment, $1,300. E. Pace, Consulting Work Sheet For the year ended December 31 Balance Sheet Unadjusted Trial Balance Debit Adjusted Trial Balance Debit Credit Debit Credit Debit Income and Statement of Owner's Equity Credit Account Adjustments Statement Credit $14,000 1,000 11,000 Credit Debit Cash.. Supplies.. Equipment. Accum. Depr. - Equip. Accounts payable. Salaries payable. E. Pace, Capital.. E. Pace, Withdrawals Fees eamed.. Salary expense. Rent expense..... Supplies expense. Depreciation expense Totals ..... ............. S 2,000 500 ...... ....... 6,500 1,500 30,000 7,500 4,000 ...... a*.... $39,000 $39.000 9. The unadjusted trial balance of E. Pace, Consulting is entered on the partial work sheet below. Complete the work sheet (Ch. 4) using the following information for adjusting entries: (24 points) (a) Salaries earned by employees that are unpaid and unrecorded, $500. (b) An inventory of supplies showed $800 of unused supplies still on hand. (c) Depreciation on equipment, $1,300. E. Pace, Consulting Work Sheet For the year ended December 31 Balance Sheet Unadjusted Trial Balance Debit Adjusted Trial Balance Debit Credit Debit Credit Debit Income and Statement of Owner's Equity Credit Account Adjustments Statement Credit $14,000 1,000 11,000 Credit Debit Cash.. Supplies.. Equipment. Accum. Depr. - Equip. Accounts payable. Salaries payable. E. Pace, Capital.. E. Pace, Withdrawals Fees eamed.. Salary expense. Rent expense..... Supplies expense. Depreciation expense Totals ..... ............. S 2,000 500 ...... ....... 6,500 1,500 30,000 7,500 4,000 ...... a*.... $39,000 $39.000

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E PACE CONSULTING WORKSHEET FOR THE YEAR ENDED DECEMBER 31 Unadjusted Tr... View the full answer