4. Prepare a balance sh 4, 5 PROBLEM 4-4B The trial balance for Harris Pitch and Putt on June 30 is as follows: Harris Pitch and Putt Trial Balance June 30, 20- LGL Debit Credit Account Name 5,532 Cash 246 Supplies Prepaid Insurance 1,284 21,687 Equipment Accumulated Depreciation, Equipment Repair Equipment Accumulated Depreciation, Repair Equipment Accounts Payable W. Harris, Capital W. Harris, Drawing 1,478 5,289 1,285 860 23,110 2,565 Golf Fees 11,487 Concession Fees 3,763 Wages Expense Rent Expense Utilities Expense Repair Expense Miscellaneous Expense 3,163 1,350 457 171 239 41,983 41,983 Data for month-end adjustments are as follows: a. Expired or used-up insurance, $380. b. Depreciation expense on equipment, $1,950. c. Depreciation expense on repair equipment, $1,650. 189 CHAPTER 4: ADJUSTING ENTRIES AND THE WORK SHEET d. Wages accrued or earned since the last payday, $585 (owed and to be paid on the next payday). . Supplies remaining at end of month, $120. Required ycconu Check Figure Net Income, $5,179 . Complete a work sheet for the month. (Skip this step if using CLGL.) 2. Journalize the adjusting entries. 3. If using CLGL, prepare an adjusted trial balance. 4. Prepare an income statement, a statement of owner's equity, and a balance sheet. Assume that no additional investments were made during June. "If you are using CLGL, use the year 2020 when recording transactions. LO 3, 4, 5 Lon January 31 is as
4. Prepare a balance sh 4, 5 PROBLEM 4-4B The trial balance for Harris Pitch and Putt on June 30 is as follows: Harris Pitch and Putt Trial Balance June 30, 20- LGL Debit Credit Account Name 5,532 Cash 246 Supplies Prepaid Insurance 1,284 21,687 Equipment Accumulated Depreciation, Equipment Repair Equipment Accumulated Depreciation, Repair Equipment Accounts Payable W. Harris, Capital W. Harris, Drawing 1,478 5,289 1,285 860 23,110 2,565 Golf Fees 11,487 Concession Fees 3,763 Wages Expense Rent Expense Utilities Expense Repair Expense Miscellaneous Expense 3,163 1,350 457 171 239 41,983 41,983 Data for month-end adjustments are as follows: a. Expired or used-up insurance, $380. b. Depreciation expense on equipment, $1,950. c. Depreciation expense on repair equipment, $1,650. 189 CHAPTER 4: ADJUSTING ENTRIES AND THE WORK SHEET d. Wages accrued or earned since the last payday, $585 (owed and to be paid on the next payday). . Supplies remaining at end of month, $120. Required ycconu Check Figure Net Income, $5,179 . Complete a work sheet for the month. (Skip this step if using CLGL.) 2. Journalize the adjusting entries. 3. If using CLGL, prepare an adjusted trial balance. 4. Prepare an income statement, a statement of owner's equity, and a balance sheet. Assume that no additional investments were made during June. "If you are using CLGL, use the year 2020 when recording transactions. LO 3, 4, 5 Lon January 31 is as
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:4. Prepare a balance sh
4, 5
PROBLEM 4-4B The trial balance for Harris Pitch and Putt on June 30 is as follows:
Harris Pitch and Putt
Trial Balance
June 30, 20-
LGL
Debit
Credit
Account Name
5,532
Cash
246
Supplies
Prepaid Insurance
1,284
21,687
Equipment
Accumulated Depreciation, Equipment
Repair Equipment
Accumulated Depreciation, Repair Equipment
Accounts Payable
W. Harris, Capital
W. Harris, Drawing
1,478
5,289
1,285
860
23,110
2,565
Golf Fees
11,487
Concession Fees
3,763
Wages Expense
Rent Expense
Utilities Expense
Repair Expense
Miscellaneous Expense
3,163
1,350
457
171
239
41,983
41,983
Data for month-end adjustments are as follows:
a. Expired or used-up insurance, $380.
b. Depreciation expense on equipment, $1,950.
c. Depreciation expense on repair equipment, $1,650.
Transcribed Image Text:189
CHAPTER 4: ADJUSTING ENTRIES AND THE WORK SHEET
d. Wages accrued or earned since the last payday, $585 (owed and to be paid on the
next payday).
. Supplies remaining at end of month, $120.
Required
ycconu
Check Figure
Net Income, $5,179
. Complete a work sheet for the month. (Skip this step if using CLGL.)
2. Journalize the adjusting entries.
3. If using CLGL, prepare an adjusted trial balance.
4. Prepare
an income statement, a statement of owner's equity, and a balance sheet.
Assume that no additional investments were made during June.
"If you are using CLGL, use the year 2020 when recording transactions.
LO 3, 4, 5
Lon January 31 is as
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