The following data are saken from the unadiusted trial boliance of the Westcont

Question

The following data are saken from the unadiusted trial boliance of the Westcont Company at December 31 ork sheet 2015. Each account carries a normal bolance and the sccounis are shown bere in alphabetical onler is Lesies Eaxperse 24 IS Salarkn Enpenss Epmene...wWesarou, Captal2 1. Use the dnta above to prepare a work sheet.Enter the necounts in proper onter and enter their builanos in the ooerect Debit or Credit coemn 2. Use the following adjusosent information to complee the work sheet. a. Depnsciaion on equipment, $3 b. Accrued saluries, S6 c. The $12 of uneamed revenuc has been earned d. Supplies anvailable at December 31. 2015, 515 e. Expired insueance, 315

Explanation / Answer

Unadjusted trial balance Adjustment Adjusted trial Balance Account title Debit ($) Credit ($) Debit ($) credit ($) Debit ($) Credit ($) Accounts payable 6 6 Accounts receivable 12 12 Accumulated depreciation - equip 15 3 18 cash 21 21 Equipment 39 39 Prepaid insurance 18 15 3 revenue 75 12 87 salaries expense 18 6 24 supplies 24 15 9 Capital 42 42 Withdrawal 6 6 Unearned revenue 12 12 0 Depreciation expense 3 3 Accrued salaries 6 6 Supplies expense 15 15 Insurance expense 15 15 Utilities expense 12 12 Total 150 150 51 51 159 159

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