Question: The following items appeared on December 31 Excel work sheet. Based on the following information, what is profit for the year? Prepare the adjusted trial
The following items appeared on December 31 Excel work sheet. Based on the following information, what is profit for the year? Prepare the adjusted trial balance. Income statement Balance sheet. (#refer to the excel worksheet uploaded in week 5 and week 6 and look through the zoom consultation classes and recorded lectures) (To make the adjusted Trial balance use the same work sheet below. Income statement and balance sheet should be drawn up in the format explained in week 6 lesson) Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Dr. Cr. Dr. Cr Dr. Cr. 975 3.600 180 10.3201 1501 701 Cash Prepaid insurance Supplies Equipment Accounts payable Uncamed fees Owner, capital Owner, withdrawals Fees camed 1.140 4,500 375 9,180 1.650 3.850 1375 3001 315 1.500 2.100 345 150 70 Rent expense Salaries expense Utilities expense Insurance expense Supplies expense Depreciation expense, equipment Accumulated depreciation equipment Salaries payable Accounts receivable Total 190 1901 315 300 20,670 1.400 1.400 20.670
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