Chper s OC Templates-G ×G, Mail Secure https Chapter 5 6 nect html Saved 3 The a

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Chper s OC Templates-G ×G, Mail Secure https Chapter 5 6 nect html Saved 3 The adjusted trial balance of College Book Store as of November 30, 2016, after the firm's first month of operations, appears below Appropriate adjustments have been made for the following items: 33.34 points a. Supplies used during the month, $5,000 b. Expired rent for the month, $6,200 c. Depreciation expense for the month, $1,500. eBook Print COLLEGE BOOK STORE Adjusted Trial Balance November 30, 2016 Account Name Debit Credit 45,350 Cash Accounts Recelvable Supplies Prepaid Rent 6,824 7600 37,200 54,200 Equipment Accumulated Depreciation-Equipment Accounts Payable 1,500 16,400 82,074 Randy Moss, Capital K Prev 3 of 3 Next ACC 1000 DLO1 D..d HST13105ummer?..doc O Type here to search

Explanation / Answer

Answer 2. COLLEGE BOOK STORE Adjustment Entries Nov 30, 2016 Adjustments Debit Credit Balance Sheet Accounts: Cash                     -   Accounts Receivable                     -   Supplies        5,000.00 Prepaid Rent        6,200.00 Equipment                     -   Accumulated Dep. - Equipment        1,500.00 Accounts Payable                     -   Randy Moss, Capital                     -   Randy Moss, Drawing                     -   Fees Income                     -   Depreciation Expense - Equipment        1,500.00 Rent Expense        6,200.00 Salaries Expense                     -   Supplies Expense        5,000.00 Utilities Expense                     -   Total      12,700.00      12,700.00 Answer 3. COLLEGE BOOK STORE Trial Balance Nov 30, 2016 Unadjusted Trial Balance Debit Credit Balance Sheet Accounts: Cash      45,350.00 Accounts Receivable        6,824.00 Supplies      12,600.00 Prepaid Rent      43,400.00 Equipment      54,200.00 Accumulated Dep. - Equipment                     -   Accounts Payable      16,400.00 Randy Moss, Capital      82,074.00 Randy Moss, Drawing        6,400.00 Fees Income      86,620.00 Depreciation Expense - Equipment                     -   Rent Expense                     -   Salaries Expense      15,400.00 Supplies Expense                     -   Utilities Expense            920.00 Total    185,094.00    185,094.00 Answer 4. Prepaid Rent      43,400.00

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