The account balances appearing on the trial balance (below) were taken from the
ID: 2368514 • Letter: T
Question
The account balances appearing on the trial balance (below) were taken from the general ledger of Flip's Copy Shop at June 30, 2012.
Additional information for the month of June which has not yet been recorded in the accounts is as follows:
a. A physical count of supplies indicates $300 on hand at June 30.
b. The amount of insurance that expired in the month of June was $200.
c. Depreciation on equipment for June was $400.
d. Rent owed on the copy shop for the month of June was $600 but will not be paid until July.
Flip
Flip
Explanation / Answer
Account Titles
Debit
Credit
Cash
$ 7,00
Supplies
1,400
Prepaid Insurance
2,000
Equipment
24,000
Accum. Depreciation
Account Titles
Debit
Credit
Cash
$ 7,00
Supplies
1,400
Prepaid Insurance
2,000
Equipment
24,000
Accum. Depreciation
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.