4. EX.04-04eBookA partial work sheet for Marge's Place is shown below.Prepare the following adjustments on this work sheet for the month ended June 30, 20--.a. Expired or used-up insurance, $450.b. Depreciation expense on equipment, $750 (Remember to credit the Accumulated Depreciation account for equipment, not Equipment).c. Wages accrued or earned since the last payday, $380 (owed and to be paid on the next payday).d. Supplies used, $110.If no amount is required, enter 0.W1 Cash2 Supplies3 Prepaid Insurance4 Equipment5 Accumulated Depreciation, Equipment6 Accounts Payable7 M. Benson, Capital8 M. Benson, Drawing9 Income from Services10 Rent Expense11 Supplies Expense12 Wages Expense13 Miscellaneous Expense1415161718ACCOUNT NAMEVideoMarge's PlaceWork SheetFor Month Ended June 30, 20--TRIAL BALANCEDEBIT4,3702501,8004,8802,0001,0862566606815,370CREDIT1,3502,5394,5446,93715,370ADJUSTMENTSDEBITCREDIT12345678сл910111213141516671718

The worksheet is the statement which shows the unadjusted trial, the adjustments to be made,…

A partial work sheet for Marge's Place is shown below. Prepare the following adjustments on this work sheet for the month ended June 30, 20--. a. Expired or used-up insurance, $450. b. Depreciation expense on equipment, $750 (Remember to credit the Accumulated Depreciation account for equipment, not Equipment) c. Wages accrued or earned since the last payday, $380 (owed and to be paid on the next payday). d. Supplies used, $110. If no amount is required, enter 0. ACCOUNT NAME 1 Cash 2 Supplies 3 Prepaid Insurance 4 Equipment 5 Accumulated Depreciation, Equipment 6 Accounts Payable 7 M. Benson, Capital 8 M. Benson, Drawing 9 Income from Services 10 Rent Expense 11 Supplies Expense 12 Wages Expense 13 Miscellaneous Expense 14 15 16 17 18 Marge's Place Work Sheet For Month Ended June 30, 20-- TRIAL BALANCE DEBIT 4,370 250 1,800 4,880 2,000 1,086 256 660 68 15,370 CREDIT 1,350 2,539 4,544 6,937 15,370 ADJUSTMENTS DEBIT CREDIT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

A partial work sheet for Marge's Place is shown below. Prepare the following adjustments on this work sheet for the month ended June 30, 20--. a. Expired or used-up insurance, $450. b. Depreciation expense on equipment, $750 (Remember to credit the Accumulated Depreciation account for equipment, not Equipment) c. Wages accrued or earned since the last payday, $380 (owed and to be paid on the next payday). d. Supplies used, $110. If no amount is required, enter 0. ACCOUNT NAME 1 Cash 2 Supplies 3 Prepaid Insurance 4 Equipment 5 Accumulated Depreciation, Equipment 6 Accounts Payable 7 M. Benson, Capital 8 M. Benson, Drawing 9 Income from Services 10 Rent Expense 11 Supplies Expense 12 Wages Expense 13 Miscellaneous Expense 14 15 16 17 18 Marge's Place Work Sheet For Month Ended June 30, 20-- TRIAL BALANCE DEBIT 4,370 250 1,800 4,880 2,000 1,086 256 660 68 15,370 CREDIT 1,350 2,539 4,544 6,937 15,370 ADJUSTMENTS DEBIT CREDIT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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5. EX.04-04.ALGO (Algorithmic) eBook A partial work sheet for Marge's Place is shown below. Prepare the following adjustments on this work sheet for the month ended June 30, 20-- a. Expired or used-up insurance, $650. b. Depreciation expense on equipment, $870 (Remember to credit the Accumulated Depreciation account for equipment, not Equipment). c. Wages accrued or earned since the last payday, $1,330 (owed and to be paid on the next payday). d. Supplies used, $110. If no amount is required, enter 0. 14 15 16 17 18 ACCOUNT NAME 1 Cash 2 Supplies 3 Prepaid Insurance 4 Equipment 5 Accumulated Depreciation, Equipment 6 Accounts Payable 7 M. Benson, Capital 8 M. Benson, Drawing 9 Income from Services 10 Rent Expense 11 Supplies Expense 12 Wages Expense 13 Miscellaneous Expense Marge's Place Work Sheet For Month Ended June 30, 20-- TRIAL BALANCE DEBIT 4,628 250 1,800 4,880 2,000 1,086 256 660 68 15,628 CREDIT 1,350 2,539 4,802 6,937 15,628 ADJUSTMENTS DEBIT CREDIT 1 2 3 4 5 6 7 8 9 10 11…
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