Question

Homework: Chapter 4 Lab work Score: 0 of 1 pt 6 of 14 (4 complete) E4-19 (similar to) The unadjusted trial balance of Telecom Solution and additional information at November 30, 2018, follow (Click the icon to view the trial balance.) (Click the icon to view the additional information.) Requirements 1. Complete Telecom Solution's worksheet for the month ended November 30, 2018 2. How much was net income for November? Requirement 1. Complete Telecom Solution's worksheet for the month ended November 30, 2010 Enter the adjustments in the adjustments columns of the worksheet Key adjusting entries by letter. Then complete the adjusted balances columns of the worksheet Accumulated Depreciation, Equip Equipment) Telecom Solution Worksheet November 30, 2018 Unadjusted Trial Balance Adjustments Choose from any list or enter any number in the input fields and then click Check Answer

Answer 1

Telecom Solution Worksheet November 30, 2018 Adjusted Trial Balance Debit Trial Balance Adjustments Accounts Credit Debit Debit Credit Credit Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated depreciation- Equipment Accounts payable Salary payable Puritt, Capital Puritt, Withdrawal Service revenue $3,700 $3,700 $4,100 500 $ $ $ (a) 3,300 800 (d) (e) $ 1,300 800 $ 300 $ 3,100 2,800 $34,000 $34,000 $2,000 (b) $ 5,300 1,000 (c) $34,600 1,300 700 $5,300 $1,000 $34,600 $ $ 2,200 2,200 9,600 (a) (b) (c) (d) $ 8,800 800 Depreciation expense - Equipment Salaries expense $ $ 700 700 $ $1,000 1,900 2,900 $ Rent expense 500 500 Utilities expense $ 500 500 Supplies expense $ (e) 300 300 $50,000 $50,000 3,300 3,300 $52,500 $52,500

Entries Account title and explanations Date Debit Credit Accounts Receivable A/c Service revenue A/c (a) Dr. $ 800 800 (being accrued revenue accounted) Depreciation A/c Accumulated depreciation- equipment A/c (depreciation on equipment accounted) (b) Dr. $ 700 700 (c) Salaries expense A/c Salaries payable A/c (being salaries outstanding at the month end) Dr. 1,000 $1,000 (d) Rent expense A/c Dr. $ 500 Prepaid Rent A/c 500 (being rent expensed for the period) (e) Supplies expense A/c Office supplies Dr. $ 300 300 (being office supplies used for $ 300)