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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 21
The following data are taken from the unadjusted trial balance of the Westcott Company at December 31, 2015. Each account carries a normal balance and the accounts are shown here in alphabetical order.
1. Use the data above to prepare a work sheet. Enter the accounts in proper order and enter their balances in the correct Debit or Credit column.
2. Use the following adjustment information to complete the work sheet.
a. Depreciation on equipment, $3
b. Accrued salaries, $6
c. The $12 of unearned revenue has been earned
d. Supplies available at December 31, 2015, $15
e. Expired insurance, $15
1. Use the data above to prepare a work sheet. Enter the accounts in proper order and enter their balances in the correct Debit or Credit column.
2. Use the following adjustment information to complete the work sheet.
a. Depreciation on equipment, $3
b. Accrued salaries, $6
c. The $12 of unearned revenue has been earned
d. Supplies available at December 31, 2015, $15
e. Expired insurance, $15
Explanation
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Asset
Assets are the investments made b...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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