The data for year-end adjustments are as follows:
Answer
Alert Security Services Co. | ||||||
End-of-Period Spreadsheet | ||||||
For the Year Ended October 31, 2018 | ||||||
Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | ||||
Account Title | Debit | Credit | Debit | Credit | Debit | Credit |
Cash | $96 | $96 | ||||
Accounts Receivable | $256 | $26 | $282 | |||
Supplies | $26 | $20 | $6 | |||
Prepaid Insurance | $38 | $32 | $6 | |||
Land | $320 | $320 | ||||
Equipment | $128 | $128 | ||||
Accum. Depr.—Equipment | $13 | $13 | $26 | |||
Accounts Payable | $115 | $115 | ||||
Wages Payable | $0 | $13 | $13 | |||
Common Stock | $190 | $190 | ||||
Retained Earnings | $411 | $411 | ||||
Dividends | $26 | $26 | ||||
Fees Earned | $288 | $26 | $314 | |||
Wages Expense | $64 | $13 | $77 | |||
Rent Expense | $38 | $38 | ||||
Insurance Expense | $0 | $32 | $32 | |||
Utilities Expense | $19 | $19 | ||||
Supplies Expense | $0 | $20 | $20 | |||
Depreciation Expense | $0 | $13 | $13 | |||
Miscellaneous Expense | $6 | $6 | ||||
TOTAL | $1,017 | $1,017 | $104 | $104 | $1,069 | $1,069 |
The data for year-end adjustments are as follows: Fees earned, but not yet billed, $26. Supplies...
Appendix 1: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has been prepared on the end-of-period spreadsheet for the year ended October 31, 2018, shown below. Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2018 Unadjusted Trial Balance Adjustments Dr. Cr. Dr. Cr. 66 Adjusted Trial Balance Dr. Cr. Account Title Cash Accounts Receivable Supplies 176 Prepaid Insurance Land Equipment...
Appendix 1: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services has been prepared on the following end-of-period spreadsheet for the year ended October 31, 20Y3: Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 81 Accounts Receivable 216 Supplies 22 Prepaid Insurance 32 Land 270...
Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 494 Accounts Receivable 3,626 Supplies 165 Prepaid Insurance 124 Land 4,120 Equipment 1,648 Accum. Depr.-Equipment 330 Accounts Payable 1,483 Wages Payable 165 Common Stock 40 Retained Earnings 7,128 Dividends 330 Fees Earned 4,038 Wages Expense 989 Rent Expense 494 Insurance Expense 412 Utilities Expense 288 Supplies Expense 247 Depreciation Expense-Equip. 165...
Appendix: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has been prepared on the following end-of-period spreadsheet for the year ended October 31, 2019. In addition, the data for year- end adjustments are as follows: a. Fees earned, but not yet billed, $26. b. Supplies on hand, $7. c. Insurance premiums expired, $33. d. Depreciation expense, $13. e. Wages accrued, but not paid, $13....
Appendix 1: Completing an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 329 Accounts Receivable 2,411 Supplies 110 Prepaid Insurance 82 Land 2,740 Equipment 1,096 Accum. Depr.—Equipment 219 Accounts Payable 986 Wages Payable 110 Common Stock 40 Retained Earnings 4,729 Dividends 219 Fees Earned 2,685 Wages Expense...
ppendix 1: Closing Entries From an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business dients. Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2018 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr Dr Cr. 314 2,306 105 79 2,620 1,048 Cash Accounts Receivable Supplies Prepaid Insurance Land Equipment Accum. Depr. Equipment Accounts Payable Wages Payable Common Stock 210 943 105 80 4,478 Retained Earnings Dividends 210 fees Earned...
Appendix 1: Closing Entries from an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business dients. Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2043 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 438 Accounts Receivable 3,212 146 Supplies Prepaid Insurance 110 Land 3,650 1,460 Equipment Accum. Depr. - Equipment Accounts Payable Wages Payable Common Stock 292 1,314 146 BO Retained Earnings 6,272 Dividends 292 Fees...
EX 4-23 Completing an end-of-period spreadsheet Account Title Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2018 Adjusted Income Statement Trial Balance Debit Credit Debit Credit 12 103 Balance Sheet Debit Credit 12 103 50 210 210 Cash Accounts Receivable Supplies Prepaid Insurance Land Equipment Accumulated Depr.-Equipment Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Insurance Expense Utilities Expense Supplies Expense Depreciation Expense-Equipment Miscellaneous Expense Totals Net Income (loss)...
1. Kirk Enterprises offers rug cleaning services to business clients. Below are the adjustments data for the year ended July 31. Using this information along with the spreadsheet below, record the adjusting entries in proper general journal form Adjustments: (a) The equipment is estimated to last for five years with no salvage value. The asset will be depreciated evenly over its useful life. Record one month's depreciation. (b) Accrued wages, $2. © Unused supplies on hand, $8. (d) 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...