Completing the Ace Preparing a worksheet e unadjusted trial balance of Data So 1

Question

Completing the Ace Preparing a worksheet e unadjusted trial balance of Data So 19 djusd trial balance of Data Solution at November 30,2018, olloos Learning DATA SOLUTION Unadjusted Trial Balance November 30, 2018 Balance Debit Credit Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Pryor, Capital Pryor, Withdrawals Service Revenue Depreciation Expense-Equipment Salaries Expense Rent Expense $4,400 3,100 1,800 3,100 30,200 s1,500 5,100 32,900 2,900 8,800 2,100 Utilities Expense Supplies Expense Total 700 348.300 5 48,300 $48,300 Additional information at November 30, 2018 a. Accrued Service Revenue, $800. b. Depreciation, $350. c. Accrued Salaries Expense, $650. d. Prepaid Rent expired, $700 e. Office Supplies used, $550. uirements 1. Complete Data Solution's worksheet for the month ended November 30, 2018. How much was net income for November?

Explanation / Answer

WORKSHEET 31-Dec-18 Account Names Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 4,400 4,400 4,400 Accounts Receivable 3,100 800 3,900 3,900 Prepaid rent 1,800 700 1100 1100 Offic supplies 3,100 550 2,550 2,550 Equipment 30200 30200 30200 Accumulated Depreciation 1,500 350 1,850 1,850 Accounts payable 5100 5,100 5,100 Salaries Payable 0 650 650 650 Pryor, Capital 32,900 32,900 32,900 Pryor, Wthdrawals 2,900 2,900 2,900 Service revenue 8800 800 9600 9600 Depreciation-equipment 0 350 350 350 Salaries Expnese 2100 650 2,750 2750 Rent Expense 0 700 700 700 Utilities expense 700 700 700 Supplies Expense 0 550 550 550 Total 48,300 48300 3,050 3,050 50,100 50,100 5,050 9,600 45,050 40,500 Net Income 4,550 4,550 9,600 9,600 45,050 45,050 Req b: Net income of the year is $ 4550 (s computed in work sheet)

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