At the end of the year, on December 31, 2019, the bookkeeper of Honey Company prepared an Unadjusted Trial Balance with corresponding adjustments at the end of the year. Complete the worksheet below. Unadjusted Trial BalanceDebitAdjustmentsDebitAdjusted Trial BalanceDebitAccountIncome StatementBalance SheetTitleCreditCreditCreditDebitCreditDebitCredit Unadjusted Trial BalanceDebitAdjustmentDebitParticularsCreditCreditCashCash in BankAccounts ReceivableInventoryLand31,50050,00020,10040,5001,500,000180,000с. 1,000EquipmentAccumulated Dep- Eqpt.Accounts PayableIncome Tax Payableb. 8,00032,00080,50055,0004,000150,000Unearned Incomed. 4,000Loans PayableLong-term DebtHoney, CapitalHoney, DrawingsSales255,0001,227,6005,000460,000d. 4,000Sales Return & Allowances12,000Sales Discount8,000Cost of SalesAdvertising ExpenseSalaries ExpenseUtilities ExpenseRent Expenseс. 1,000315,00016,00059,00017,00010,0002,264,100а. 5,000Totals2,264,100b. 8,000Depreciation ExpenseAccrued Salaries Payablea. 5,000Totals18,00018,000Net IncomeTotals

Trial balance means a statement which include all the debit or credit balances of accounts from…

Answered: At the end of the year, on December 31,…

At the end of the year, on December 31, 2019, the bookkeeper of Honey Company prepared an Unadjusted Trial Balance with corresponding adjustments at the end of the year. Complete the worksheet below.

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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