Essay
Use the following information to complete the partial worksheet for Bill's Company. Record the appropriate adjusting entries using the data below and extend the balances over to the adjusted trial balance columns.
Merchandise Inventory - physical count $10
Store supplies on hand 3
Depreciation on store equipment 2
Accrued salaries 1
| bill`s commpany partial worsheet for the year of ended december 31, 2020 | ||||||
| account titles | trial balance | adjustments | adjusted trial balance | |||
| debit | credit | debit | credit | debit | credit | |
| merchandies inv. | 11 | |||||
| store supplies | 10 | |||||
| store equipment | 20 | |||||
| accum. depn. store equip. | 6 | |||||
| salaries payable | ||||||
| salaries expense | 10 | |||||
| cost of goods sold | 9 | |||||
| deprecianation expense | ||||||
| store suplies exp. | ||||||
Correct Answer:
Verified
Correct Answer:
Verified
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