The adjusted trial balance for Bere Company is given below: BERE COMPANY Trial B

ID: 2503629 • Letter: T

Question

The adjusted trial balance for Bere Company is given below:

BERE COMPANY
Trial Balance
August 31, 2014

Before
Adjustment
After
Adjustment

Dr.
Cr.
Dr.
Cr. Cash
$10,900

$10,900

Accounts Receivable
8,800

9,400

Supplies
2,500

500

Prepaid Insurance
4,000

2,500

Equipment
16,000

16,000

Accumulated Depreciation The adjusted trial balance for Bere Company is given below:

BERE COMPANY
Trial Balance
August 31, 2014

Before
Adjustment
After
Adjustment

Dr.
Cr.
Dr.
Cr. Cash
$10,900

$10,900

Accounts Receivable
8,800

9,400

Supplies
2,500

500

Prepaid Insurance
4,000

2,500

Equipment
16,000

16,000

Accumulated Depreciation Before
Adjustment After
Adjustment Exercise 4-17 The adjusted trial balance for Bere Company is given below:

BERE COMPANY
Trial Balance
August 31, 2014

Before
Adjustment
After
Adjustment

Dr.
Cr.
Dr.
Cr. Cash
$10,900

$10,900

Accounts Receivable
8,800

9,400

Supplies
2,500

500

Prepaid Insurance
4,000

2,500

Equipment
16,000

16,000

Accumulated Depreciation

Explanation / Answer

Income statement for the year ended August 31.

Service Revenue

34,600

Rent Revenue

13,100

TOTAL INCOME

47700

LESS:-EXPENSES

Salaries and Wages Expense

18,100

Supplies Expense

2,000

Rent Expense

10,800

Insurance Expense

1,500

Depreciation Expense

1,200

NET PROFIT

14100