(c) Prepare a E4-5 The adjustments columns of the worksheet for Becker Compar LO
ID: 2550099 • Letter: #
Question
(c) Prepare a E4-5 The adjustments columns of the worksheet for Becker Compar LO 1) Adjustments Debit 1,100 Credit Account Titles Accounts Receivable Prepaid Insurance Accumulated Depreciation-Equipment Salaries and Wages Payable Service Revenue 300 900 500 1,100 Salaries and Wages Expense Insurance Expense 500 300 Depreciation Expense 2,800 2,800 (a) Prepare the adjusting entries. (6) Assuming the adjusted trial balance amount for each account is normal, indicate the financial statement column to which each balance should be extended. E4-6 Selected worksheet data for Rosa Company are present Derive ac workshe ed below (LO 1) Adjusted Trial Balance Account Titles Trial Balance Dr Cr Dr. Cr. Accounts Receivable Prepaid Insurance Supplies Accumulated Depreciation-Equipment Salaries and Wages Payable 26,000 7,000 34,000 20,000 12,000 Service Revenue 5,600 97,000 88,000 Insurance Expense Depreciation Expense Supplies Expense Salaries and Wages Expense 10,000 4,500 49,000 Instructions (a) Fill in the missing amounts. (b) Prepare the adjusting entries that were made. E4-7 Victoria Lee Company had the following adjusted trial balance. bal (Lc 210Explanation / Answer
Trial Balance Adjusted Trial balance Accounts title Dr. Cr. Dr. Cr. Accounts receivable 25000 34000 Prepaid insurance 26000 20000 Supplies 7000 2500 Accumulated depreciation 12000 22000 salaries and wages payable 0 5600 Service revenue 88000 97000 Insurance expense 0 6000 Depreciation expense 0 10000 Supplies expense 0 4500 Salaries and wages expense 43400 49000 Adjusting Entries S.no. Accounts title and explanations Dr. $ Cr. $ 1 Accounts receivable Dr. 9000 Service revenue 9000 (for service revenue billed but not received) 2 Insurance expense Dr. 6000 Prepaid insurance 6000 (for insurance expired) 3 Supplies expense Dr. 4500 Supplies 4500 (for supplies consumed) 4 Depreciation expense Account Dr. 10000 Accumulated Depreciation 10000 (for depreciation charged) 5 Salaries and Wages expense Dr. 5600 Salaries and wages payable 5600 (for salaries due)
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