The data for the month-end adjustments of Silber Insurance Agency at January 31, 2023, follow. (Click...
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The data for the month-end adjustments of Silber Insurance Agency at January 31, 2023, follow. (Click the icon to view the adjustments.) Required 1. The unadjusted balances have been entered for you in the trial balance columns of the worksheet. Complete the worksheet of Silber Insurance Agency for the month ended January 31, 2023. Requirement 1. The unadjusted balances have been entered for you in the trial balance columns of the worksheet. Complete the worksheet of Silber Insurance Agency for the month ended January 31, 2023. Enter the adjusting entries in the worksheet. Make sure to select a transaction letter for each entry. (If a box is not used in the worksheet, leave the box empty; do not select a label or enter a zero. Abbreviations used: Accum. amort. = Accumulated amortization; Amort. = Amortization.) Silber Insurance Agency Worksheet For the Month Ended January 31, 2023 Trial Balance Adjustments Adjusted Trial Balance Account Debit Credit Debit Credit Debit Credit Cash 144,000 Accounts receivable 87,000 Prepaid rent 9,100 Supplies 5,600 a. Furniture 110,000 b. Accum. amort.-furniture 86,000 Building 459,000 C. Accum. amort.-building 169,000 d. e. O me solve this Etext pages Get more h f. Land Accounts payable Salaries payable Unearned commission revenue 96,000 25,440 0 a. 63,000 C. Silber, capital 442,560 b. C. Silber, withdrawals 34,000 Commission revenue 175,000 C. Salaries expense 8,400 d. Rent expense 0 Utilities expense 3,200 e. Amort. expense-furniture 0 f. Amort. expense-building 0 Advertising expense 4,700 0 Supplies expense Supplies expense Total 0 961,000 961,000 Adjustment Data Adjustment data for month-end adjustments: Commission revenue received in advance that had not been earned at January 31, $42,000. b. Rent still prepaid at January 31, $2,300. (Hint: Calculate the amount of the rent that was used up.) c. Supplies used during the month, $2,600. d. Amortization on furniture for the month, $3,000. e. Amortization on building for the month, $2,900. f. Accrued salaries expense at January 31 in the amount of $3,900. The data for the month-end adjustments of Silber Insurance Agency at January 31, 2023, follow. (Click the icon to view the adjustments.) Required 1. The unadjusted balances have been entered for you in the trial balance columns of the worksheet. Complete the worksheet of Silber Insurance Agency for the month ended January 31, 2023. Requirement 1. The unadjusted balances have been entered for you in the trial balance columns of the worksheet. Complete the worksheet of Silber Insurance Agency for the month ended January 31, 2023. Enter the adjusting entries in the worksheet. Make sure to select a transaction letter for each entry. (If a box is not used in the worksheet, leave the box empty; do not select a label or enter a zero. Abbreviations used: Accum. amort. = Accumulated amortization; Amort. = Amortization.) Silber Insurance Agency Worksheet For the Month Ended January 31, 2023 Trial Balance Adjustments Adjusted Trial Balance Account Debit Credit Debit Credit Debit Credit Cash 144,000 Accounts receivable 87,000 Prepaid rent 9,100 Supplies 5,600 a. Furniture 110,000 b. Accum. amort.-furniture 86,000 Building 459,000 C. Accum. amort.-building 169,000 d. e. O me solve this Etext pages Get more h f. Land Accounts payable Salaries payable Unearned commission revenue 96,000 25,440 0 a. 63,000 C. Silber, capital 442,560 b. C. Silber, withdrawals 34,000 Commission revenue 175,000 C. Salaries expense 8,400 d. Rent expense 0 Utilities expense 3,200 e. Amort. expense-furniture 0 f. Amort. expense-building 0 Advertising expense 4,700 0 Supplies expense Supplies expense Total 0 961,000 961,000 Adjustment Data Adjustment data for month-end adjustments: Commission revenue received in advance that had not been earned at January 31, $42,000. b. Rent still prepaid at January 31, $2,300. (Hint: Calculate the amount of the rent that was used up.) c. Supplies used during the month, $2,600. d. Amortization on furniture for the month, $3,000. e. Amortization on building for the month, $2,900. f. Accrued salaries expense at January 31 in the amount of $3,900.
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Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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