1 enter the trial balance Amounts I the trial balance columns of a work sheet. U

Question

1 enter the trial balance Amounts I the trial balance columns of a work sheet. Using fooling information to complete the worksheets. A. One years rent had been paid in advance when woo began business. B. Inventory of unused office supplies $75 C. One half years depreciation on office equipment $900 D. Service rendered that had been paid for in advance $863 E. Executive search services rendered during the month but not yet billed, $270 F. Wages earned by employees but not yet paid,$188 Prepare income statement, owner equity and balance sheet. Prepare adjusting entries, closing entries. Jacqueline Woo Executive Search Service Trial Balance December 31, 20x4 Cash Accounts Receivable Prepaid Rent Office Supplies Office Equipment Accounts Payable Unearned Revenues Jacqueline Woo, Capital Jacqueline Woo, Withdrawals Search Revenue Utilities Expense Wages Expense 713 1,000 1,800 413 15,750 2 3,173 1,823 10,000 5,200 20,140 1,260 9,000 $35,136 $35,136 a open

Explanation / Answer

2)

3)

1) Adjusting Entries: Date Accounts Titles Debit $ Credit $ A Rent exp. 900 Prepaid rent 900 B Supplies expen 338 Supplies 338 C Depre exp 900 Acc. Dep - equipment 900 D Unearned service revenue 863 Service revenue 863 E Accounts Receivable 270 Service revenue 270 F Wages exp 188 Wages payable 188

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