current year are given below. The business uses a Account Titles Cash Petty Cash Accounts Receivable-Grand Company Accounts Receivable-Mercure Company Supplies Prepaid Insurance Accounts Payable-Coastal Supplies Accounts Payable-Darwin Company Dennis Hobart, Capital Dennis Hobart, Drawing Income Summary Sales Advertising Expense Cash Short and Over Insurance Expense Miscellaneous Expense Rent Expense Supplies Expense Utilities Expense Account Balances Debit 9,500.00 50.00 400.00 300.00 950.00 450.00 3. Complete the work sheet. 2,000.00 250.00 15.00 150.00 1,160.00 300.00 (a) Supplies on hand (b) Ending balance of prepaid insurance Adjustment Information, December 31 Credit Directions: 1. Prepare the heading and trial balance on the work sheet. Total and rule the Trial Balance columns. Use th work sheet on the next page. 2 Analyze the following adjustment information into debit and credit parts. Record the adjustments on the work sheet. 175.00 400.00 6,950.00 8,000.00 $100.00 150.00
current year are given below. The business uses a Account Titles Cash Petty Cash Accounts Receivable-Grand Company Accounts Receivable-Mercure Company Supplies Prepaid Insurance Accounts Payable-Coastal Supplies Accounts Payable-Darwin Company Dennis Hobart, Capital Dennis Hobart, Drawing Income Summary Sales Advertising Expense Cash Short and Over Insurance Expense Miscellaneous Expense Rent Expense Supplies Expense Utilities Expense Account Balances Debit 9,500.00 50.00 400.00 300.00 950.00 450.00 3. Complete the work sheet. 2,000.00 250.00 15.00 150.00 1,160.00 300.00 (a) Supplies on hand (b) Ending balance of prepaid insurance Adjustment Information, December 31 Credit Directions: 1. Prepare the heading and trial balance on the work sheet. Total and rule the Trial Balance columns. Use th work sheet on the next page. 2 Analyze the following adjustment information into debit and credit parts. Record the adjustments on the work sheet. 175.00 400.00 6,950.00 8,000.00 $100.00 150.00
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter2: Analyzing Transactions
Section: Chapter Questions
Problem 2PB: Journal entries and trial balance On August 1, 20Y7, Rafael Masey established Planet Realty, which...
Related questions
Question
can you help me with this please.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,