Horngren's Accounting Plus Mylab Accounting With Pearson Etext -- Access Card Package (12th Edition)
12th Edition
ISBN: 9780134674681
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 3, Problem E3.30E
Using the worksheet to prepare the adjusted
Learning Objective 6 |
Adj. trial balance $273,700 total |
MACEY's LANDSCAPING SERVICES Worksheet December 31, 2018 |
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Account Names | Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | |||||
Debit | Credit | Debit | Credit | Debit | Credit | |||
Cash | $27,400 | |||||||
6,700 | (h) | $3,500 | ||||||
Office Supplies | 500 | (b) | $350 | |||||
Prepaid Rent | 2,300 | (a) | 1,150 | |||||
Equipment | 50,000 | |||||||
(c) | 1,300 | |||||||
Trucks | 114,000 | |||||||
Accumulated Depreciation—Trucks | (d) | 1,900 | ||||||
Accounts Payable | $3,800 | |||||||
Utilities Payable | 300 | |||||||
Salaries Payable | (f) | 7,200 | ||||||
Interest Payable | (g) | 300 | ||||||
Unearned Revenue | 4,500 | (e) | 3,200 | |||||
Notes Payable | 25,000 | |||||||
Macey, Capital | 141,900 | |||||||
Macey, Withdrawals | 21,000 | |||||||
Service Revenue | 84,000 | (e,h) | 6,700 | |||||
Rent Expense | 9,200 | (a) | 1,150 | |||||
Salaries Expense | 23,800 | (f) | 7,200 | |||||
Supplies Expense | (b) | 350 | ||||||
Utilities Expense | 4,600 | |||||||
Depreciation Expense—Equipment | (c) | 1,300 | ||||||
Depreciation Expense—Trucks | (d) | 1,900 | ||||||
Interest Expense | (g) | 300 | ||||||
Total | $259,500 | $259,500 | $18,900 | $18,900 |
Requirements
- Calculate and enter the adjusted account balances in the Adjusted Trial Balance columns.
- Describe each
adjusting entry. For example, a. Prepaid rent expires, $1,150.
The worksheet of Macey’s Landscaping Services follows but is incomplete.
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Chapter 3 Solutions
Horngren's Accounting Plus Mylab Accounting With Pearson Etext -- Access Card Package (12th Edition)
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