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x C CI Secure |Hrtps//ev x C Only xxQ C Apters 45 x ?M Your question was anserx a Chapter S https//newconnect.mheducation.com/flow/connect.html - re Saved ter 5 On January 31, 2016, the general ledger of Meeks Company showed the following account balances. ACCOUNTS 61,400 20,900 7,400 6,600 89,900 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depr-Equip Accounts Payable Lorraine Meeks, Capital Fees Income Depreciation Exp-Equip. Insurance Expense Rent Expense Salaries Expense Supplies Expense Book Hint Print 15,100 80,350 109,000 0 0 9,000 9.250 0 erences Additional information: a. Supplies used during January totaled $4,900 b. Expired insurance totaled $1,650 c. Depreciation expense for the month was $1,425. Prey 1013 1: Next > AHST1310Summer2 .doc e to search ?e?Explanation / Answer
Answer
Trial Balance
Adjustments
Adjusted Trial Balance
Accounts
Debit
Credit
Debit
Credit
Debit
Credit
Cash
$ 61,400.00
$ 61,400.00
Accounts receivables
$ 20,900.00
$ 20,900.00
Supplies
$ 7,400.00
$ 4,900.00
$ 2,500.00
Prepaid Insurance
$ 6,600.00
$ 1,650.00
$ 4,950.00
Equipment
$ 89,900.00
$ 89,900.00
Accumulated Dep Equipment
$ 1,425.00
$ 1,425.00
Accounts Payable
$ 15,100.00
$ 15,100.00
Lorraine Meeks Capital
$ 80,350.00
$ 80,350.00
Fees Income
$ 109,000.00
$ 109,000.00
Depreciation expense Equipment
$ 1,425.00
$ 1,425.00
Insurance Expenses
$ 1,650.00
$ 1,650.00
Rent Expense
$ 9,000.00
$ 9,000.00
Salaries Expense
$ 9,250.00
$ 9,250.00
Supplies Expenses
$ -
$ 4,900.00
$ 4,900.00
TOTAL
$ 204,450.00
$ 204,450.00
$ 7,975.00
$ 7,975.00
$ 205,875.00
$ 205,875.00
Trial Balance
Adjustments
Adjusted Trial Balance
Accounts
Debit
Credit
Debit
Credit
Debit
Credit
Cash
$ 61,400.00
$ 61,400.00
Accounts receivables
$ 20,900.00
$ 20,900.00
Supplies
$ 7,400.00
$ 4,900.00
$ 2,500.00
Prepaid Insurance
$ 6,600.00
$ 1,650.00
$ 4,950.00
Equipment
$ 89,900.00
$ 89,900.00
Accumulated Dep Equipment
$ 1,425.00
$ 1,425.00
Accounts Payable
$ 15,100.00
$ 15,100.00
Lorraine Meeks Capital
$ 80,350.00
$ 80,350.00
Fees Income
$ 109,000.00
$ 109,000.00
Depreciation expense Equipment
$ 1,425.00
$ 1,425.00
Insurance Expenses
$ 1,650.00
$ 1,650.00
Rent Expense
$ 9,000.00
$ 9,000.00
Salaries Expense
$ 9,250.00
$ 9,250.00
Supplies Expenses
$ -
$ 4,900.00
$ 4,900.00
TOTAL
$ 204,450.00
$ 204,450.00
$ 7,975.00
$ 7,975.00
$ 205,875.00
$ 205,875.00
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