The owner of Cannon Company asked you to prepare a worksheet from the trial balance shown in
Question:
Additional Data
a./b. Ending merchandise inventory on December 31, $1,835.
c. Office supplies used up, $210.
d. Rent expired, $195.
e. Depreciation expense on office equipment, $525.
f. Office salaries earned but not paid, $270.
Transcribed Image Text:
CANNON COMPANY TRIAL BALANCE DECEMBER 31, 201X Balance Account Dr 53 7 2 00 2 10 00 24 09 0 51 82 00 61600 9 88 00 94 10 00 Cash Petty Cash Accounts Receivable Beginning Merchandise Inventory, Jan. 1 Prepaid Rent Office S Office Equipment Accumulated Depreciation, Office Equipment Accounts Payable K. Cannon, Capital K. Cannon, Withdrawals Income Summary Sales Sales Returns and Allowances Sales Discount Purchases Purchases Discount Purchases Returns and Allowances Office Salaries Expense Insurance Expense Advertising Expense Utilities Expense ies 7200oo 6050 5 45 50o 48 00 00 5267 70o 94 00 25 500 288 64 0o 1600 3 3 600 761600 23 2500 7 5 0 00 54800 Totals 7173400 71 73 4 00
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Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
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