Question: Using the information given complete the table given below: Additional information: a. Annual depreciation of the equipment; $11,300. b. $11,800 of the Prepaid Insurance
Using the information given complete the table given below: Additional information: a. Annual depreciation of the equipment; $11,300. b. $11,800 of the Prepaid Insurance balance has expired. c. Unbilled and unrecorded revenues at year-end totalled $30,800. Required: Use the information provided to complete the columns. Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation, equipment Accounts payable Abraham Nuna, capital Abraham Nuna, withdrawals Revenues Depreciation expense, equipment Salaries expense Insurance expense Totals $ $ Unadjusted Trial Balance Dr. 13,800 31,800 16,600 108,000 108,000 NUNA MUSIC Trial Balances February 28, 2017 0 Cr. $ 22,800 18,800 211,000 185,700 14,300 478,200 $ 225,600 478,200 $ Adjustments Dr. 0 Cr. Adjusted Trial Balance Dr. Cr. 0
Step by Step Solution
3.49 Rating (159 Votes )
There are 3 Steps involved in it
Based on the information provided in the image and the additional information given we need to make adjustments in the accounts as follows a Annual depreciation of the equipment 11300 This amount will ... View full answer
Get step-by-step solutions from verified subject matter experts
