Question

Prepare an unadjusted trial balance. (Enter your answers in thousands of dollars.)

Required information The following information applies to the questions displayed below Intemational celebrity Jay and Goku began operations of their machine shop (J& G Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash $4 Accounts Receivable 4 Supplies I1 Land Equipment Accumulated depreciation 62 $7 Software 18 Accumulated amortization Accounts payable Notes payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained carnings Service revenue Salaries and wages expense 7 6 72 7 0 Depreciation expense Amortization expense Income tax expense Interest expense 0 0 Supplies expense 0 Totals $99 $99

Answer 1

x fe account titles credit $ 14 S 20 $ 14 J & G Tool, Inc. adjusted trial balance December 31, 2018 account titles debit cash accounts receivable supplies S 11 land equipment S 62 accumulated depreciation software accumulated amortization accounts payable notes payable (short term) salaries and wages payable interest payable income tax payable common stock retained earnings service revenue salaries and wages expense depreciation expense amortization expense income tax expense interest expense supplies expense totals S 340 $ 13 S 11 S9 $ 97 S7 $ 164 $ 340

for formulas and calculations, refer to the image below -

B5 X for account titles credit account titles cash accounts receivable supplies J & G Tool, Inc. adjusted trial balance December 31, 2018 debit =4+13-7+25-12-14+122-87+26 =4+42-26 =11+17-17 =0+7 =62 land =18+12 equipment accumulated depreciation software accumulated amortization accounts payable notes payable (short term) salaries and wages payable interest payable income tax payable common stock retained earnings service revenue salaries and wages expense depreciation expense amortization expense income tax expense interest expense supplies expense totals = 7+7 =6+17-14 =0+13 =0+11 =0+2 =0+9 =72+25 =0+164 =0+87+11 =0+7 =0+7 =0+9 =0+2 =0+17 =SUM(C6:C27) =SUM(D6:D27)

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