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The trial balance figures for Dennison Delivery Service appear on the following worksheet. Using the additional information below, complete the eight-column worksheet for the
The trial balance figures for Dennison Delivery Service appear on the following worksheet. Using the additional information below, complete the eight-column worksheet for the fiscal year ended June 30, 20-4. HST accounts are not to be considered. Additional Information 1. Purchase invoices received in July, 20-4, pertaining to goods and services received in June 20-4, are for the following: Supplies $280.00 Miscellaneous Expense 140.00 Utilities Expense 210.20 2. The supplies inventory taken on June 30, 20-4, amounted to $625.00. 3. The Prepaid Licences account showed that the value of unexpired licences on June 30, 20-4, amounted to $412.00. 4. The prepaid insurance schedule as of June 30, 20-4, showed a total of $215 in unexpired insurance. Dennison Delivery Service ACCOUNTS TRIAL BALANCE Dr Cr Bank 2 570.00 Accounts Receivable 12 419.00 Supplies 1 074.00 Prepaid Insurance 1 400.00 Prepaid Licences 1 146.00 Land 17 000.00 Building 50 000.00 Fumiture and Equipment 12 970.00 Trucks 48 472.00 Accounts Payable 3 417.40 J. Budd, Capital J. Budd, Drawings Fees Earned Bank Charges Miscellaneous Expense Telephone Expense 114 273.68 8 900.00 70 721.19 115.25 219.51 316.25 Truck Expense 11 901.32 Utilities Expense Wages Expense Supplies expense Insurance expense Net Income 2 506.00 17 402.94 188 412.27 188 412.27
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