College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570



College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

The balances of the ledger accounts of Beldren Home Center as of December 31, the end of its fiscal year, are as follows:


Data for the adjustments are as follows:

a–b. Merchandise Inventory at December 31, $102,765.

c. Wages accrued at December 31, $1,834.

d. Supplies inventory (on hand) at December 31, $645.

e. Depreciation of store equipment, $5,782.

f. Depreciation of office equipment, $1,791.

g. Insurance expired during the year, $845.

h. Rent earned, $2,500.


  1. 1. Complete the work sheet after entering the account names and balances onto the work sheet. Ignore this step if using CLGL.
  2. 2. Journalize the adjusting entries. If using manual working papers, record adjusting entries on journal page 16.


To determine

Prepare worksheet for B Home center as of December 31 from the given ledger account.


Income statement: The financial statement which reports revenues and expenses from business operations and the result of those operations as net income or net loss for a particular time period is referred to as income statement.

Balance sheet: This financial statement reports a company’s resources (assets) and claims of creditors (liabilities) and stockholders (stockholders’ equity) over those resources. The resources of the company are assets which include money contributed by stockholders and creditors. Hence, the main elements of the balance sheet are assets, liabilities, and stockholders’ equity...


To determine

Journalize the adjusting entries.

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

Describe the economic logic behind the theory of purchasing-power parity.

Brief Principles of Macroeconomics (MindTap Course List)

Conciseness es valued in business. However, can messages be too short?

Essentials of Business Communication (MindTap Course List)

LO3 A debit to an asset account will decrease it.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

EXPECTATIONS THEORY Assume that the real risk-free rate is 2% and that the maturity risk premium is zero. If a ...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Why would a firm ever offer a price on a product that is below its full cost?

Cornerstones of Cost Management (Cornerstones Series)