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--. Expired or used-up insurance, $450. Depreciation expense on equipment, $750 (Remember to credit the Accumulated Depreciation account for equipment, not Equipment). Wages accrued or earned since the last payday, $380 (owed and to be paid on the next payday). Supplies used, $110. If no amount is required, enter 0. Marge's Place Work Sheet For Month Ended June 30, 20--                               TRIAL BALANCE ADJUSTMENTS   ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT   1 Cash 4,370   fill in the blank 1 fill in the blank 2 1 2 Supplies 250   fill in the blank 3 fill in the blank 4 2 3 Prepaid Insurance 1,800   fill in the blank 5 fill in the blank 6 3 4 Equipment 4,880   fill in the blank 7 fill in the blank 8 4 5 Accumulated Depreciation, Equipment   1,350 fill in the blank 9 fill in the blank 10 5 6 Accounts Payable   2,539 fill in the blank 11 fill in the blank 12 6 7 M. Benson, Capital   4,544 fill in the blank 13 fill in the blank 14 7 8 M. Benson, Drawing 2,000   fill in the blank 15 fill in the blank 16 8 9 Income from Services   6,937 fill in the blank 17 fill in the blank 18 9 10 Rent Expense 1,086   fill in the blank 19 fill in the blank 20 10 11 Supplies Expense 256   fill in the blank 21 fill in the blank 22 11 12 Wages Expense 660   fill in the blank 23 fill in the blank 24 12 13 Miscellaneous Expense 68   fill in the blank 25 fill in the blank 26 13 14   15,370 15,370 fill in the blank 27 fill in the blank 28 14 15   fill in the blank 30 fill in the blank 31 fill in the blank 32 fill in the blank 33 15 16   fill in the blank 35 fill in the blank 36 fill in the blank 37 fill in the blank 38 16 17   fill in the blank 40 fill in the blank 41 fill in the blank 42 fill in the blank 43 17 18   fill in the blank 44 fill in the blank 45 fill in the blank 46 fill in the blank 47 18

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question
100%

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--.
  1. Expired or used-up insurance, $450.
  2. Depreciation expense on equipment, $750 (Remember to credit the Accumulated Depreciation account for equipment, not Equipment).
  3. Wages accrued or earned since the last payday, $380 (owed and to be paid on the next payday).
  4. Supplies used, $110.

If no amount is required, enter 0.

Marge's Place
Work Sheet
For Month Ended June 30, 20--
                         
    TRIAL BALANCE ADJUSTMENTS
  ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT  
1 Cash 4,370   fill in the blank 1 fill in the blank 2 1
2 Supplies 250   fill in the blank 3 fill in the blank 4 2
3 Prepaid Insurance 1,800   fill in the blank 5 fill in the blank 6 3
4 Equipment 4,880   fill in the blank 7 fill in the blank 8 4
5 Accumulated Depreciation, Equipment   1,350 fill in the blank 9 fill in the blank 10 5
6 Accounts Payable   2,539 fill in the blank 11 fill in the blank 12 6
7 M. Benson, Capital   4,544 fill in the blank 13 fill in the blank 14 7
8 M. Benson, Drawing 2,000   fill in the blank 15 fill in the blank 16 8
9 Income from Services   6,937 fill in the blank 17 fill in the blank 18 9
10 Rent Expense 1,086   fill in the blank 19 fill in the blank 20 10
11 Supplies Expense 256   fill in the blank 21 fill in the blank 22 11
12 Wages Expense 660   fill in the blank 23 fill in the blank 24 12
13 Miscellaneous Expense 68   fill in the blank 25 fill in the blank 26 13
14   15,370 15,370 fill in the blank 27 fill in the blank 28 14
15
 
fill in the blank 30 fill in the blank 31 fill in the blank 32 fill in the blank 33 15
16
 
fill in the blank 35 fill in the blank 36 fill in the blank 37 fill in the blank 38 16
17
 
fill in the blank 40 fill in the blank 41 fill in the blank 42 fill in the blank 43 17
18   fill in the blank 44 fill in the blank 45 fill in the blank 46 fill in the blank 47 18
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Completing the Accounting Cycle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education