Great Hair Hair Stylists has begun the preparation of its worksheet as follows (Click the icon to view the worksheet) Account Names Cash Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Note Payable Common Stock Service Revenue Rent Expense Supplies Expense Depreciation Expense-Equipment Interest Expense Total $ inal Balance Debit 600 900 16,700 3,200 $ Credit 800 200 M 400 $ 21,800 S 21,800 (a) (b) Debit 2,600 7,400 (C) 10,800 Adjustments Credit Data table 4 5 6 Cash 7 Office Supplies 8 Equipment 9 Accumulated Depreciation-Equipment 10 Accounts Payable 11 Interest Payable 12 Note Payable 13 Common Stock 14 Service Revenue. Account Names 15 Rent Expense 16 Supplies Expense 17 Depreciation Expense-Equipment 18 Interest Expense 19 Total Balance Debit $ 600 900 16,700 More info 3,200 400 S Credit 800 200 2,600 7,400 10,800 a Office supplies on hand, $200. b. Depreciation, $800. c. Accrued interest expense, $500. Adjustments Debit Credit - X Adjusted Trial Balance Debit Credit

Great Hair Hair Stylists has begun the preparation of its worksheet as follows (Click the icon to view the worksheet) Account Names Cash Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Note Payable Common Stock Service Revenue Rent Expense Supplies Expense Depreciation Expense-Equipment Interest Expense Total $ inal Balance Debit 600 900 16,700 3,200 $ Credit 800 200 M 400 $ 21,800 S 21,800 (a) (b) Debit 2,600 7,400 (C) 10,800 Adjustments Credit Data table 4 5 6 Cash 7 Office Supplies 8 Equipment 9 Accumulated Depreciation-Equipment 10 Accounts Payable 11 Interest Payable 12 Note Payable 13 Common Stock 14 Service Revenue. Account Names 15 Rent Expense 16 Supplies Expense 17 Depreciation Expense-Equipment 18 Interest Expense 19 Total Balance Debit $ 600 900 16,700 More info 3,200 400 S Credit 800 200 2,600 7,400 10,800 a Office supplies on hand, $200. b. Depreciation, $800. c. Accrued interest expense, $500. Adjustments Debit Credit - X Adjusted Trial Balance Debit Credit

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter3: Setting Up A New Company

Section: Chapter Questions

Problem 1.3C

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