What is the ending balance in Salaries Expense, after adjustment? Elevance Health Unadjusted Trial Balance - December
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Elevance Health Unadjusted Trial Balance - December 31, 2023 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense Debits $11,500 3,500 1,200 24,000 14,000 4,500 55,000 900 650 $115,250 Additional Information: a) The equipment was purchased on January 1, 2022. The useful life is estimated to be 10 years. b) As of December 31, 2023, the Company had accrued salaries of $950. c) Of the balance in the Unearned Revenue account, $500 had not been earned by year-end. d) A count of supplies on December 31, 2023 showed $400 of supplies had been used during the year. Credits $1,400 1,900 2,800 10,300 7,500 91,350 $115,250 Elevance Health Unadjusted Trial Balance - December 31, 2023 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense Debits $11,500 3,500 1,200 24,000 14,000 4,500 55,000 900 650 $115,250 Additional Information: a) The equipment was purchased on January 1, 2022. The useful life is estimated to be 10 years. b) As of December 31, 2023, the Company had accrued salaries of $950. c) Of the balance in the Unearned Revenue account, $500 had not been earned by year-end. d) A count of supplies on December 31, 2023 showed $400 of supplies had been used during the year. Credits $1,400 1,900 2,800 10,300 7,500 91,350 $115,250
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To determine the ending balance in Salaries Expense after adjustment we need to consider the addit... View the full answer
Related Book For
Horngrens Accounting Volume 1
ISBN: 9780136889373
12th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
Posted Date:
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