ABC CO, NOVEMBER 30 2015 (please include tips or if you added/divided or substra
ID: 2486393 • Letter: A
Question
ABC CO, NOVEMBER 30 2015
(please include tips or if you added/divided or substract something tell how)
Unadjusted--> Adjustments--> Adjusted
1. Unadjusted Trial Balance
- Rent Expense 2,300
- Cash 10,236
- A/P 1,825
- A/R 2,369
- Phone Exxpense 369
- Supplies 624
- Unearned Revenue 5,000
- Insurance Expense 321
- Equipment (New- 5 years useful life) 11,590
- Misc Expense 247
- Capital 6,976
- Revenue 19,255
- Drawing 4,000
-Prepaid Insurance 1,000
Enter Following Adjustment and prepare the adjusted trial balance:
-Depreciation ?
Accured Revenue 1,520
Supplies used 150
Unearend Revunue earned during the month 3,800
Unexpired Insurence 800
2. Prepare Finacial Statements
income statements, owners equity (( month ending 11/30 /15) --Ending balance on 10/31/15 was 5,304, and balence sheet
Explanation / Answer
Trial Balance
Income Statement
Owners Equity
Account Titles Unadjusted Adjustments Adjusted Debit Credit Debit Credit Debit Credit Rent Expense 2300 2300 Cash 10236 10236 A/P 1825 1825 A/R 2369 1520 3889 Phone Expense 369 369 Supplies 624 150 474 Unearned Revenue 5000 3800 1200 Insurance Expense (321+1000-800) 321 200 521 Equipment (New- 5 years useful life) 11590 11590 Misc Expense 247 247 Capital 6976 6976 Revenue (Accrued revenue 1520+Unearned revenue earned 3800) 19255 5320 24575 Drawing 4000 4000 Prepaid Insurance (1000-800) 1000 200 800 Depreciation - Equipment (11590/5) 2318 2318 Accumulated Depreciation- Equipment (11590/5) 2318 2318 Supplies Expense 150 150 Total 33056 33056 7988 7988 36894 36894