Supplies expense = $440 - $240 = $200
Journal entry to transfer income and expenses to income summary:
Transaction | General Journal | Debit | Credit |
1 | Service revenue | $72,710 | - |
Remaining expense | - | $33,310 | |
Supplies expense | - | $200 | |
Insurance expense | - | $650 | |
Depreciation expense | - | $4,100 | |
Salaries and Wages expense | - | $530 | |
Income tax expense | - | $5,480 | |
Income summary | - | $28,440 |
Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After...
Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Tunstall, Inc. Unadjusted Trial Balance for the Year Ended December 31 Debit Credit Cash 46,800 Accounts receivable 11,400 Supplies 630 Prepaid insurance 680 Service trucks 17,100 Accumulated depreciation 8,400 Other assets 10,460 Accounts payable 2,400 Wages payable Income taxes payable Notes...
Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Account Titles Debit / Credit {Debit[Cash $ 47,200 Accounts receivable 11,300 Supplies 580 Prepaid insurance 790 Service trucks 16,300]Debit} {Credit[Accumulated depreciation$ 7,900} {Debit[Other assets 9,260}\]} (Accounts payable 2,320)]credit[ Wages payable Income taxes payable {Credit[Note payable (3 years; 10% interest due each...
Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Account Titles Debit Credit Cash 42,000 Accounts receivable 11,600 Supplies 900 Prepaid insurance 800 Service trucks 19,000 Accumulated depreciation 9,200 Other assets 8,300 Accounts payable 3,000 Wages payable Income taxes payable Note payable (3 years; 10% interest due each December 31)...
vork Saved Help Save & Exit Check my Required information [The following information applies to the questions displayed below.) Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Credit Debit $ 47,400 11,400 440 650 16,700 8,800 10,660 2,390 Account Titles Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated...
Required information (The following information applies to the questions displayed below.] Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Credit Debit $ 47,400 10,800 580 650 17,800 $ 7,900 9,460 2,230 Account Titles Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable...
Sutton Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as at the end of the company's fiscal year, December 31, 2017: Credit $ Debit 60,000 13,000 800 1,000 20,000 $ 12,000 Account Titles Cash Accounts receivable Service supplies inventory Prepaid insurance Service trucks Accumulated depreciation, service trucks Other assets Accounts payable Note payable (three years; 5% due each December 31) Contributed capital...
Required information The following information applies to the questions displayed below.) Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Credit Debit 47,400 12,300 620 640 16,900 $ 10,660 9,400 2,310 Account Titles Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income...
Sutton Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as at the end of the company's fiscal year, December 31, 2017: Credit Debit $ 60,000 13,000 800 1,000 20,000 $ 12,000 Account Titles Cash Accounts receivable Service supplies inventory Prepaid insurance Service trucks Accumulated depreciation, service trucks Other assets Accounts payable Note payable (three years; 5% due each December 31) Contributed capital...
Required information [The following information applies to the questions displayed below.) Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Credit Debit $ 47,400 10,800 580 650 17,800 $ 7,900 9,460 2,230 Account Titles Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable...
Chapter 4 Trotman’s Variety Store is completing the accounting process for the current year just ended, December 31. The transactions during the year have been journalized and posted. The following data with respect to adjusting entries are available: Required information [The following information applies to the questions displayed below.] Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end...