The adjusted trial balance of University Book Store as of November 30, 2019, after the firm's...
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The adjusted trial balance of University Book Store as of November 30, 2019, after the firm's first month of operations, appears below. Appropriate adjustments have been made for the following items: a. Supplies used during the month, $5,800. b. Expired rent for the month, $7,000. c. Depreciation expense for the month, $1,900. UNIVERSITY BOOK STORE Adjusted Trial Balance November 30, 2019. Account Name Cash Accounts Receivable. Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Ruby Darbandi, Capital Ruby Darbandi, Drawing Food The Fees Income Depreciation Expense-Equipment Rent Expense Salaries Expense Supplies Expense Utilities Expense Totals Debit $ 46,150 7,624 9,200 42,000 55,000 8,000 1,900 7,000 Credit $ 1,900 18,000 83,674 97,100 17,000 5,800 1,000 $200,674 $200,674 Required: 2. Record the adjusting entries in the Adjustments columns. 3. Complete the Trial Balance columns of the worksheet prior to making the adjusting entries. Analyze: What was the balance of Prepaid Rent prior to the adjusting entry for expired rent? Analyze: What was the balance of Prepaid Rent prior to the adjusting entry for expired rent? Complete this question by entering your answers in the tabs below. Req 2 to 3 Analyze Record the adjusting entries in the Adjustments columns. Complete the Trial Balance columns of the worksheet prior to making the adjusting entries. Account Name Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Accounts Payable Ruby Darkson, Capital Ruby Darkson, Drawing Fees Income Depreciation Expense-Equipment Rent Expense Salaries Expense Supplies Expense Utilities Expense Totals THE UNIVERSITY BOOKSTORE Worksheet (Partial) Month Ended November 30, 2019 Trial Balance Debit Credit Adjustments Debit Credit $ $ Adjusted Trial Balance Debit Credit 46,150 7,624 9,200 42,000 55,000 8,000 1,900 7,000 17,000 5,800 1,000 200,674 $ 1,900 18,000 83,674 97,100 200,674 The adjusted trial balance of University Book Store as of November 30, 2019, after the firm's first month of operations, appears below. Appropriate adjustments have been made for the following items: a. Supplies used during the month, $5,800. b. Expired rent for the month, $7,000. c. Depreciation expense for the month, $1,900. UNIVERSITY BOOK STORE Adjusted Trial Balance November 30, 2019. Account Name Cash Accounts Receivable. Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Ruby Darbandi, Capital Ruby Darbandi, Drawing Food The Fees Income Depreciation Expense-Equipment Rent Expense Salaries Expense Supplies Expense Utilities Expense Totals Debit $ 46,150 7,624 9,200 42,000 55,000 8,000 1,900 7,000 Credit $ 1,900 18,000 83,674 97,100 17,000 5,800 1,000 $200,674 $200,674 Required: 2. Record the adjusting entries in the Adjustments columns. 3. Complete the Trial Balance columns of the worksheet prior to making the adjusting entries. Analyze: What was the balance of Prepaid Rent prior to the adjusting entry for expired rent? Analyze: What was the balance of Prepaid Rent prior to the adjusting entry for expired rent? Complete this question by entering your answers in the tabs below. Req 2 to 3 Analyze Record the adjusting entries in the Adjustments columns. Complete the Trial Balance columns of the worksheet prior to making the adjusting entries. Account Name Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Accounts Payable Ruby Darkson, Capital Ruby Darkson, Drawing Fees Income Depreciation Expense-Equipment Rent Expense Salaries Expense Supplies Expense Utilities Expense Totals THE UNIVERSITY BOOKSTORE Worksheet (Partial) Month Ended November 30, 2019 Trial Balance Debit Credit Adjustments Debit Credit $ $ Adjusted Trial Balance Debit Credit 46,150 7,624 9,200 42,000 55,000 8,000 1,900 7,000 17,000 5,800 1,000 200,674 $ 1,900 18,000 83,674 97,100 200,674
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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