The unadjusted trial balance of Voice Link at November 30, 2016, follows: Additional information at November 30,
Question:
Additional information at November 30, 2016:
a. Accrued service revenue, $600.
b. Depreciation, $300.
c. Accrued salaries expense, $600.
d. Prepaid rent expired, $900.
e. Office Supplies used $500.
Requirements
1. Complete Voice Link€™s worksheet for the month ended November 30, 2016.
2. How much was net income for November?
Unadjusted Trial Balance November 30, 2016 Balance Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Common Stock Dividends Service Revenue Depreciation Expense- Equipment Salaries Expense Rent Expense Utilities Expense Supplies Expense Total Debit Credit S 3,900 3,700 1,600 3,900 33,400 $ 1,500 5,100 36,400 2,400 8,600 2,000 700 $ 51,600 S 51,600
Step by Step Answer:
Requirement 1 VOICE LINK Worksheet November 30 2016 Account Names Unadjusted Trial Balance ...View the full answer
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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