1. & 2. The following data are taken from the unadjusted trial balance of the Westcott...

Question

Question

1. & 2. The following data are taken from the unadjusted trial balance of the Westcott Company at December 31, 2017. Complete । । । । চাচu Dচাচা vs ev।। Unadjusted Trial Balance Adjustments Adjusted Trial Balance Dr. Cr. Dr. Cr. Dr. Cr. $ 40 $ 26 12!

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Answer

--Requirement as asked

	Unadjusted Trial Balance		Adjustments		Adjusted Trial Balance
Accounts title	Dr	Cr	Dr	Cr	Dr	Cr
Cash	$40				$40
Accounts receivables	$16				$16
Supplies	$43			$37	$6
Prepaid Insurance	$36			$12	$24
Equipment	$63				$63
Accumulated Depreciation - Equipment		$26		$10		$36
Accounts Payable		$14				$14
Salaries Payable				$16		$16
Unearned Revenue		$12	$12		$0
Common Stock		$12				$12
Retained earnings		$38				$38
Dividends	$20				$20
Revenue		$150		$12		$162
Depreciation expense - Equipment			$10		$10
Salaries expense	$22		$16		$38
Insurance expense			$12		$12
Supplies expense			$37		$37
Utilities expense	$12				$12
Totals	$252	$252	$87	$87	$278	$278

Add a comment

Answer 2

Similar Homework Help Questions

1. & 2. The following data are taken from the unadjusted trial balance of the Westcott...

1. & 2. The following data are taken from the unadjusted trial balance of the Westcott Company at December 31, 2017. Complete the work sheet following adjustment. (Enter their balances in the correct Debit or Credit column.) ( REALLY NEED HELP FILLING THIS OUT) thanks! Use the following adjustment information to complete the work sheet. Depreciation on equipment, $22 Accrued salaries, $14 The $25 of unearned revenue has been earned Supplies available at December 31, 2017, $17 Expired insurance,...
The following data are taken from the unadjusted trial balance of the Westcott Company at December...

The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Complete the work sheet following adjustment. Complete the Adjusted Trial Balance columns of the work sheet. (Enter their balances in the correct Debit or Credit column of the Unadjusted Trial Balance columns.) Use the following adjustment information to complete the Adjustments columns of the work sheet. Depreciation on equipment, $9 Accrued salaries, $13 The $29 of unearned revenue has been earned Supplies available...
1. & 2. 3. The following data are taken from the unadjusted trial balance of the...

1. & 2. 3. The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Complete the work sheet following adjustment Complete the Adjusted Trial Balance columns of the work sheet. (Enter their balances in the correct Debit or Credit column of the Unadjusted Trial Balance columns.) Use the following adjustment information to complete the Adjustments columns of the work sheet a. Depreciation on equipment, $11 b. Accrued salaries, $7 c. The $15 of...

The following data are taken from the unadjusted trial balance of the Westcott Company at December...

The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Each account carries a normal balance and the accounts are shown here Accounts Payable Accounts Receivable Accumulated Depreciation-Equip Cash Equipment Prepaid Insurance Revenue Salaries Expense Supplies Common stock Retained earnings Dividends UnearnedRevenue Utilities Expense 12 15 21 39 18 18 24 10 32 12 12 Use the following adjustment information to complete the ten-column work sheet. a. Depreciation on equipment, $3 b. Accrued...
The following data are taken from the unadjusted trial balance of the Westcott Company at December...

The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Each account carries a normal balance. Set up a 10-column work sheet to answer the requirements. esclse. Preparing unadjusted and adjusted trial balances, including the adjustments P1 56 $ 6 Accounts Payable..... Accounts Receivable Accumulated Depreciation-Equip.. Cash Equipment Prepaid Insurance...... Revenue............. Salaries Expense....... Supplies W. Westcott, Capital .... 15 $18 75 18 24 42 W. Westcott, Withdrawals.. . Unearned Revenue .......... Utilities Expense...
2. Use the following adjustment Information to complete the Adjustments columns of the work sheet. a....

2. Use the following adjustment Information to complete the Adjustments columns of the work sheet. a. Depreciation on equipment, $3 b. Accrued salarles, $6 c. The $12 of unearned revenue has been earned d. Supplies available at December 31, $15 e. Explred Insurance, $15 3. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns Including net Income. WESTCOTT COMPANY Partial Work Sheet For the year...

2. Use the following adjustment information to complete the Adjustments columns of the work sheet. a....

2. Use the following adjustment information to complete the Adjustments columns of the work sheet. a. Depreciation on equipment. $19 b. Accrued salaries, $22 C. The $28 of unearned revenue has been earned d. Supplies available at December 31, $95 e. Expired insurance, $31 3. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns including net income. WESTCOTT COMPANY Partial Work Sheet For the year...
completion. Return to question Partial Work Sheet For the year ended December 31 Unadjusted Trial Balance...

completion. Return to question Partial Work Sheet For the year ended December 31 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Account Title Dr Cr. Dr Cr. Dr. Cr. Cash $ 56 $ 56 Accounts receivable 33 33 66 $ 50 X 22 16 X 10 32 53 53 $ 29 10 Supplies Prepaid insurance Equipment Accum. depreciation Equip Accounts payable Salaries payable Unearned revenue W. Westcott, Capital W. Westcott Withdrawals 39 13 13 13 13 19 $ 19...
Exercise 4-4 Completing a work sheet LO P1 1. & 2. The following data are taken...

Exercise 4-4 Completing a work sheet LO P11. & 2. The following data are taken from the unadjusted trial balance of the Westcott Company at December 31, 2017. Complete the work sheet following adjustment. (Enter their balances in the correct Debit or Credit column.)Use the following adjustment information to complete the work sheet.a. Depreciation on equipment, $25b. Accrued salaries, $7c. The $27 of unearned revenue has been earnedd. Supplies available at December 31,2017, $25e. Expired insurance, $13

2. Shown below are selected data taken from the unadjusted and adjusted trial balances for the...

2. Shown below are selected data taken from the unadjusted and adjusted trial balances for the Simonson Company for the current year ended December 31. Determine the items A through 1 below. Simonson Company Trial Balances December Unadjusted Trial Adjusted Trial Balance 10.000 88,270 700 A) 49,600 10,260 Accounts receivable O ve supplies Prepaid insurance Onice equipment Accumulated depreciation « | | Accounts payable Salarios payable Common stock Retained earnings Revenue earned Advertising expense Depreciation expense-Office equipment Insurance expense Ollie...

1. & 2. The following data are taken from the unadjusted trial balance of the Westcott...

Homework Answers