Complete a worksheet from a trial balance and adjustment data. Enter the adjustm
ID: 2343020 • Letter: C
Question
Complete a worksheet from a trial balance and adjustment data. Enter the adjustments in the adjustments columns of the worksheet. Key adjusting entries by letter. Total the debit and credit columns. Then calculate the adjustedbalances, enter them in the adjusted trial balance columns on the worksheet, and again, total the debit and credit columns.
J. Trent
Worksheet
Month Ended July 31, 201X
Trial Balance
Adjustments
Account Titles
Debit
Credit
Debit
Credit
Cash
32
Accounts Receivable
7
Prepaid Insurance
4
Store Supplies
6
Store Equipment
14
Accumulated Depreciation, Store Equipment
8
a.
Accounts payable
9
J. Trent, Capital
17
J. Trent, Withdrawals
7
Revenue from Clients
45
Rent Expense
7
Wage Expense
2
Totals
79
79
Depreciation Expense, Store Equipment
a.
1
Insurance Expense
b.
3
Store Supplies Expense
c.
Wages Payable
d.
3
Totals
a.
$ 1
b.
$ 3
c.
$ 1
d.
$ 3
J. Trent
Worksheet
Month Ended July 31, 201X
Trial Balance
Adjustments
Account Titles
Debit
Credit
Debit
Credit
Cash
32
Accounts Receivable
7
Prepaid Insurance
4
Store Supplies
6
Store Equipment
14
Accumulated Depreciation, Store Equipment
8
a.
Accounts payable
9
J. Trent, Capital
17
J. Trent, Withdrawals
7
Revenue from Clients
45
Rent Expense
7
Wage Expense
2
Totals
79
79
Depreciation Expense, Store Equipment
a.
1
Insurance Expense
b.
3
Store Supplies Expense
c.
Wages Payable
d.
3
Totals
Explanation / Answer
J. Trent
Worksheet
Month Ended July 31, 201X
Trial Balance
Adjustments
Adjusted Trial Balance
Account Titles
Debit
Credit
Debit
Credit
Debit
Credit
Cash
$ 32.00
$ 32.00
Accounts Receivable
$ 7.00
$ 7.00
Prepaid Insurance
$ 4.00
$ 3.00
$ 1.00
Store Supplies
$ 6.00
$ 5.00
$ 1.00
Store Equipment
$ 14.00
$ 14.00
Accumulated Depreciation, Store Equipment
$ 8.00
$ 1.00
$ 9.00
Accounts payable
$ 9.00
$ 9.00
J. Trent, Capital
$ 17.00
$ 17.00
J. Trent, Withdrawals
$ 7.00
$ 7.00
Revenue from Clients
$ 45.00
$ 45.00
Rent Expense
$ 7.00
$ 7.00
Wage Expense
$ 2.00
$ 3.00
$ 5.00
Totals
$ 79.00
$ 79.00
$ 3.00
$ 9.00
$ 74.00
$ 80.00
Depreciation Expense, Store Equipment
$ 1.00
$ 1.00
Insurance Expense
$ 3.00
$ 3.00
Store Supplies Expense
$ 5.00
$ 5.00
Wages Payable
$ 3.00
$ 3.00
Total
$ 79.00
$ 79.00
$ 12.00
$ 12.00
$ 83.00
$ 83.00
J. Trent
Worksheet
Month Ended July 31, 201X
Trial Balance
Adjustments
Adjusted Trial Balance
Account Titles
Debit
Credit
Debit
Credit
Debit
Credit
Cash
$ 32.00
$ 32.00
Accounts Receivable
$ 7.00
$ 7.00
Prepaid Insurance
$ 4.00
$ 3.00
$ 1.00
Store Supplies
$ 6.00
$ 5.00
$ 1.00
Store Equipment
$ 14.00
$ 14.00
Accumulated Depreciation, Store Equipment
$ 8.00
$ 1.00
$ 9.00
Accounts payable
$ 9.00
$ 9.00
J. Trent, Capital
$ 17.00
$ 17.00
J. Trent, Withdrawals
$ 7.00
$ 7.00
Revenue from Clients
$ 45.00
$ 45.00
Rent Expense
$ 7.00
$ 7.00
Wage Expense
$ 2.00
$ 3.00
$ 5.00
Totals
$ 79.00
$ 79.00
$ 3.00
$ 9.00
$ 74.00
$ 80.00
Depreciation Expense, Store Equipment
$ 1.00
$ 1.00
Insurance Expense
$ 3.00
$ 3.00
Store Supplies Expense
$ 5.00
$ 5.00
Wages Payable
$ 3.00
$ 3.00
Total
$ 79.00
$ 79.00
$ 12.00
$ 12.00
$ 83.00
$ 83.00
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