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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, 2016: The data for year-end adjustments are as follows: a. Fees earned, but not yet billed, $13. b. Supplies on hand, $4. c. Insurance premiums expired, $10. d. Depreciation expense, $3. e. Wages accrued, but not paid, $1. Enter the adjustment data, and place the balances in the Adjusted Trial Balance columns.
Financial Accounting
Solutions
Financial Accounting
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, 2016:
The data for year-end adjustments are as follows:
- a. Fees earned, but not yet billed, $13.
- b. Supplies on hand, $4.
- c. Insurance premiums expired, $10.
- d. Depreciation expense, $3.
- e. Wages accrued, but not paid, $1.
Enter the adjustment data, and place the balances in the Adjusted Trial Balance columns.
Enter the adjustment data in the adjusted trial balance columns.
Explanation of Solution
Since all the assets, expenses, and dividends accounts have a normal debit balance, it should be recorded in the debit column of the unadjusted trial balances, adjustments section, and adjusted trial balance of the worksheet...
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