Question

omework Assignment Question 4 of 5 - /1.5 E Assets Liabilities Accts. Rec Acc. Depr- • Equip- 0 + Prepd. Insur. 750 Cash 15,330 + + Supplies + 2.750 + Equip 4,760 Notes Pay. 4,760 Accts. Pay. 2.300 Int Unearned + Pay. Serv. Rev. 0 1.720 Bal. 0 Assume the following adjustment data. 1. 2. 3. 4 Supplies on hand at October 31 total $690. Expired insurance for the month is $125. Depreciation for the month is $60. As of October 31, services worth $930 related to the previously recorded uneared revenue had been performed. Services performed but unbilled (and no receivable has been recorded) at October 31 are $260. Interest expense accrued at October 31 is $85. Accrued salaries at October 31 are $1.570. 5. 6. 7. WPXo 25

Answer 1

Assets Liabilities + Stockholders' Equity Common Cash + Accounts Receivable + + Supplies Prepaid Insurance + Equipment Notes Payable + Accounts Payable + Interest Payable + Unearned Servive Revenue + + Accumulated Depreciation - Equip. $0 = Salary and wages payable + Revenue Expense Dividend Stock Bal. $15,330 + $0 + $750 + $4,760 $2,300 + $1,720 + $11,510 + $13,360 $540 1 + + $2,750 + ($2,060) + $690 + + + + + Bal. $15,330 $4,760 $0 = $2,300 + $4,760 + + $4,760 + + $4,760 + $1,720 + $11,510 + $13,360 $540 2 + + $750 + ($125) + $625 + + + $0 + + $0 + + $0 + + $0 + + $0 + + $0 + + $0 + Bal. $9,520 $2,060 $11,580 $125 $11,705 $60 $11,765 $15,330 + $690 + $4,760 $0 + + $0 + + $0 + + $0 + + $0 + SO = $2,300 + $1,720 + $11,510 + $13,360 $540 3 + + + + + + + Bal. $60 $60 = $15,330 + $690 + $625 + $4,760 $4,760 + $2,300 + $11,510 + $540 4 + + + + + + + + $13,360 $930 $14,290 Bal. $15,330 + $690 + $625 + $4,760 $60 = $4,760 + $1,720 + ($930) + $790 + $260 + $1,050 + $0 + $11,510 + $11,765 $540 5 $0 + $260 + $260 + + + + $2,300 + + $2,300 + + + + + Bal. $15,330 + $690 + $625 + $4,760 $60 = $4,760 + $0 + $11,510 + $14,290 $540 6 + + + + + + $0 + $85 + $85 + + + $11,765 $85 $11,850 Bal. $15,330 + $260 + $690 + $625 + $4,760 $60 = $4,760 + $1,050 + $11,510 + $14,290 $540 + $0 + 1570 + $1,570 + 7 + + + + $2,300 + + $2,300 + + + + + 1570 Bal. $15,330 + $260 + $690 + $625 + $4,760 $60 = $4,760 + $85 + $1,050 + $11,510 + $14,290 $13,420 $540

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