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Given the Trial Balance and Adjustment Columns of the Worksheet

Question 40

Essay

Given the trial balance and adjustment columns of the worksheet, complete the adjusted trial balance column for the company.

   Trial    Adjusted
   Balance  Adjustments  Trial Balance
 Accounts  DR  CR  DR  CR  DR  CR
 Cash  950          
 Accts. Rec.  600          
 Supplies  150      100    
 Prepaid Rent  500      250    
 Prepaid Ins.  400      80    
 Equipment  5,000          
 Accumulated Depreciation    1,000    100    
 Accts. Pay    500        
 Capital    3,500        
 Fees Earned    3,500        
 Wages Exp.  400    200      
 Depreciation Expense      100      
 Rent Expense      250      
 Supplies Expense      100      
 Insurance Expense      80      
 Wages Payable            
 Total  8,000  8,000  730  730    

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