Question

Exercise 4-6 Selected worksheet data for Elsayed Company are presented below. Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,736 20,440 25,342 6,253 11,097 Account Titles Accounts Receivable Prepaid Insurance Supplies Accumulated Depreciation-Equipment Salaries and Wages Payable Service Revenue Insurance Expense Depreciation Expense Supplies Expense Salaries and Wages Expense 88,148 5,279 97,894 11,818 4,621 49,104

Answer 1

	Trial balance		Adjusted Trial balance
	Debit	Credit	Debit	Credit
Accounts Receivable	23990		33736
Prepaid Insurance	25342		20440
Supplies	6253		1632
Accumulated Depreciation-Equipment		11097		22915
Salaries and Wages payable		0		5279
Service Revenue		88148		97894
Insurance expense			4902
Depreciation expense			11818
Supplies expense			4621
Salaries and Wages expense	43825		49104
	Debit	Credit
Accounts Receivable	9746		=97894-88148
Service Revenue		9746
(To record service revenue on account)
Insurance expense	4902		=25342-20440
Prepaid Insurance		4902
(To record expired insurance)
Supplies expense	4621
Supplies		4621
(To record supplies used)
Depreciation expense	11818
Accumulated Depreciation-Equipment		11818
(To record depreciation)
Salaries and Wages expense	5279
Salaries and Wages payable		5279
(To record accrued salaries)