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Complete the work sheet for Ramey Company, dated December 31, 20–, through the adjusted trial balance using the following adjustment information: a. Expired or used-up insurance, $460. b. Depreciation expense on equipment, $870. (Remember to credit the Accumulated Depreciation account for equipment, not Equipment.) c. Wages accrued or earned since the last payday, $120 (owed and to be paid on the next payday). d. Supplies remaining, $80.

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College Accounting (Book Only): A ...

12th Edition
Cathy J. Scott
Publisher: Cengage Learning
ISBN: 9781305084087
BuyFind

College Accounting (Book Only): A ...

12th Edition
Cathy J. Scott
Publisher: Cengage Learning
ISBN: 9781305084087

Solutions

Chapter
Section
Chapter 4, Problem 5E
Textbook Problem

Complete the work sheet for Ramey Company, dated December 31, 20–, through the adjusted trial balance using the following adjustment information:

  1. a. Expired or used-up insurance, $460.
  2. b. Depreciation expense on equipment, $870. (Remember to credit the Accumulated Depreciation account for equipment, not Equipment.)
  3. c. Wages accrued or earned since the last payday, $120 (owed and to be paid on the next payday).
  4. d. Supplies remaining, $80.

Chapter 4, Problem 5E, Complete the work sheet for Ramey Company, dated December 31, 20, through the adjusted trial balance

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Chapter 4 Solutions

College Accounting (Book Only): A Career Approach
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Ch. 4 - In which column of the work sheetIncome Statement...Ch. 4 - Why is it necessary to make an adjustment if wages...Ch. 4 - Define depreciation as it relates to a van you...Ch. 4 - Define an internal transaction and provide an...Ch. 4 - Why is it necessary to journalize and post...Ch. 4 - 1. List the following classifications of accounts...Ch. 4 - Classify each of the accounts listed below as...Ch. 4 - Place a check mark next to any account(s)...Ch. 4 - A partial work sheet for Marges Place is shown...Ch. 4 - Complete the work sheet for Ramey Company, dated...Ch. 4 - Journalize the adjusting entries from the partial...Ch. 4 - Journalize the adjustments for Newkirk Company as...Ch. 4 - Journalize the following adjusting entries that...Ch. 4 - Determine on which financial statement each...Ch. 4 - The trial balance of Morgans Insurance Agency as...Ch. 4 - The trial balance of Clayton Cleaners for the...Ch. 4 - The trial balance for Game Time on July 31 is as...Ch. 4 - The trial balance for Benner Hair Salon on March...Ch. 4 - The trial balance for Masons Insurance Agency as...Ch. 4 - The trial balance of The New Decors for the month...Ch. 4 - The trial balance for Harris Pitch and Putt on...Ch. 4 - The trial balance for Wilson Financial Services on...Ch. 4 - Ride the Ducks of Seattle may seem like an...Ch. 4 - You are the bookkeeper for a small but thriving...Ch. 4 - Your supervisor just finished a work sheet for the...Ch. 4 - Your client is preparing financial statements to...Ch. 4 - Although you printed the trial balance and...

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