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The partial worksheet of Ruth Furniture is as follows: Ruth Furniture Worksheet

ID: 2558239 • Letter: T

Question

The partial worksheet of Ruth Furniture is as follows:

   Ruth Furniture

   Worksheet

   December 31, 2016

   Unadjusted Trial    Adjusted Trial

   Balance   Adjustments      Balance

Account Names   Debit   Credit   Debit   Credit   Debit   Credit

Cash   $6,500

Accounts Receivable   2,000   $3,000

Office Supplies   1,800   $500

Equipment   15,000

Accumulated

Depreciation—Equipment   $8,700   1,200

Common Stock   15,000

Dividends   3,000

Service Revenue   10,600   3,000

Salaries Expense   4,000

Rent Expense   2,000

Depreciation Expense—           1,200  

Equipment  

Supplies Expense   ______   ______   500   _____  

Total   $34,300   $34,300   $4,700   $4,700

Calculate and enter the amounts for the Adjusted Trial Balance columns.

Explanation / Answer

Calculate and enter the amounts for the Adjusted Trial Balance columns

Debit Credit Cash 6500 Account receivable 5000 Office supplies 1300 Equipment 15000 Accumlated depreciation-equipment 9900 Common stock 15000 Dividends 3000 Service revenue 13600 Salary expense 4000 Rent expense 2000 Depreciation expense-equipment 1200 Supplies expense 500 Total 38500 38500
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