Zeidman Security Services Co offers security services to business clients. The trial balance for Zeidman Security Services
Question:
Zeidman Security Services Co offers security services to business clients. The trial balance for Zeidman Security Services Co. has been prepared on the end-of-period spreadsheet (work sheet) for the year ended July 31, 2012, shown below.
The data for year-end adjustments are as follows:a. Fees earned, but not yet billed, $9.b. Supplies on hand, $3.c. Insurance premiums expired, $8.d. Depreciation expense, $4.e. Wages accrued, but not paid, $1.Enter the adjustment data, and place the balances in the Adjusted Trial Balancecolumns.
Zeidman Security Services Co. End-of-Period Spreadshoet (Work Sheet) For the Year Ended July 31, 2012 Unadjusted Trial Balance Adjusted Trial Balance Adjustments Cr. Cr. Account Title Dr. Dr. Dr. Cr. Cach 12 Accounts Receivable 80 Supplies Prepaid insurance Land 12 10 Equipment Accum. Depr-Equipment Accounts Payable Wages Payable Capital Stock Retained Earnings Dividends 40 36 40 130 Fees Earned 20 Wages Expense Rent Expense Insurance Expense Utilties Expense Supplies Expense Depreciation Expense Miscellaneous Expense 20 12 300 300
Step by Step Answer:
A B C D E 1 ZEIDMAN SECURITY SERVICES CO 2 EndofPeriod Spreadsheet Work Sheet 3 For th...View the full answer
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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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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