[SOLVED] The unadjusted trial balance of Bolton Consulting is entered on the partial worksheet below
[ad_1]
The unadjusted trial balance of Bolton Consulting is entered on the partial worksheet below.
| Bolton Consulting
Work Sheet For the year ended December 31 |
||||||||||
| Account | Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | Income Statement | Balance Sheet and Statement of Stockholders’ Equity | |||||
| Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | |
| Cash | 31,000 | |||||||||
| Accounts Receivable | 8,000 | |||||||||
| Supplies | 12,500 | |||||||||
| Automobiles | 175,000 | |||||||||
| Accum. Depr. – Autos | 52,000 | |||||||||
| Accounts payable | 17,500 | |||||||||
| Unearned fees | 26,500 | |||||||||
| Salaries payable | ||||||||||
| Capital Stock | 58,000 | |||||||||
| Dividends | 42,500 | |||||||||
| Fees earned | 241,750 | |||||||||
| Salary expense | 91,000 | |||||||||
| Rent expense | 35,750 | |||||||||
| Advertising expense | ||||||||||
| Supplies expense | ||||||||||
| Depreciation expense | ______ | ______ | ||||||||
| Totals | 395,750 | 395,750 | ||||||||
Instructions
Complete the worksheet using the following information:
(a) Unpaid and unrecorded salaries earned by employees, $6,500.
(b) Unused supplies still on hand is $3,200.
(c) Machinery depreciation, $20,000.
(d) Customers who paid $12,750 in advance have received their services.
(e) Advertising for last quarter of the year in the amount of $5,200 remains unpaid and unrecorded.
(f) The rent expense incurred and not yet paid or recorded at fiscal year-end is $4,100.
IMPORTANT!! Purchase to download the expert answer below
Added to cart
[Button id=”1″]
[ad_2]
Source link
"96% of our customers have reported a 90% and above score. You might want to place an order with us."
