Question

Q) Complete the worksheet.

Adjustment Data to Update the Trial Balance a. Rent expired, $400. b. Landscaping supplies on hand (remaining), $350. c. Depreciation expense, landscaping equipment, $375. d. Wages earned by workers but not paid or due until August, $450.

No need explanation (just want to check my answer)

Updated for adjustment data.

Answer 1

Account Titles c Income Statement Dr. Cr. $ $ $ $ $ $ $ $ $ $ Landry's landscaping Service Worksheet Month Ended July 31, 2017 Adjustments Adjusted Trial Balance Dr. Cr. Dr. Cr. $ 3,700 $ 400 $ 400 $ 2,200 $ 892 $ 350 $ 1,400 $ 375 $ 1,155 $ 875 $ 5,216 $ 4,356 $ 325 $ 300 450 $ 1,710 Trial Balance Dr. Cr. 3,700 400 2,600 1,242 1,400 $ 780 $ 875 $ 5,216 $ 4,356 325 300 1,260 11,227 $ 11,227 Balance Sheet Dr. Cr. 3,700 400 2,200 350 1,400 $ 1,155 $ 875 $ 5,216 Cash in Bank Accounts Receivable Prepaid Rent Landscaping Supplies Landscaping Equipment Acc. Dep., Landscaping Equip. Accounts Payable A. Landry, Capital Landscaping Revenue Heat Expense Advertsing Expense Wage Expense Totals Rent Expense Landscaping Supplies Expense Depreciation Expense Wages Payable Totals Net income $ 4,356 $ $ $ $ $ $ $ 325 300 1,710 $ $ $ $ 400 892 375 $ 2,117 $ $ $ $ 450 2,117 $ 400 892 375 $ 12,052 $ 400 892 375 $ $ $ 450 12,052 $ $ $ $ 8,050 $ $ 4,356 $ 4,002 $ 354 4,356 $ 450 7,696 354 | 8,050 4,356 $ 8,050 $

• Landscaping supplies expense = $1,242 - $350 = $892