The trial balance of Telegraphic Link at November 30 follows: Additional information at November 30, 2014: a.
Question:
The trial balance of Telegraphic Link at November 30 follows:
Additional information at November 30, 2014:
a. Accrued service revenue, $ 600.
b. Depreciation, $ 300.
c. Accrued salaries expense, $ 800.
d. Prepaid rent expired, $ 500.
e. Office Supplies used, $ 100.
Requirements
1. Complete Telegraphic Link’s worksheet for the month ended November 30, 2014.
2. How much was net income forNovember?
TELEGRAPHIC LINK Trial Balance November 30, 2014 Account Title Cash Accounts Receivable Prepaid Rant Office Supplies 5 4,000 1,900 3,000 5 1,600 Accounts Payable Salaries Payable Common Stock 35,700 2.100 B,600 Service Revenua Depreciation Expense-Equipment Salaries Expense Rent Expense Utilities Expense Supplies Expense 1.700 S 51,300 51300
Step by Step Answer:
Requirement 1 TELEGRAPHIC LINK Worksheet November 30 2014 Account Names Unadjusted Trial Bal...View the full answer
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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