Brief Exercise 4-02 The ledger of Sandhill Company includes the following unadjusted balances: Prepaid Insurance $3,200, Service Revenue $58,100, and Salaries and Wages Expense $25,600. Adjusting entries are required for (a) expired insurance $2.100, (b) services performed $1,400 are billed and not yet collected, and (c) accrued salaries payable $700. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. LENTZ COMPANY Worksheet Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Prepaid Insurance Service Revenue Salaries and Wages Expense Accounts Receivable Salaries and Wages Payable Insurance Expense Click if you would like to Show Work for this question: Qeen Show Work
Brief Exercise 4-02 The ledger of Sandhill Company includes the following unadjusted balances: Prepaid Insurance $3,200, Service Revenue $58,100, and Salaries and Wages Expense $25,600. Adjusting entries are required for (a) expired insurance $2.100, (b) services performed $1,400 are billed and not yet collected, and (c) accrued salaries payable $700. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. LENTZ COMPANY Worksheet Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Prepaid Insurance Service Revenue Salaries and Wages Expense Accounts Receivable Salaries and Wages Payable Insurance Expense Click if you would like to Show Work for this question: Qeen Show Work
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Accounting
![Brief Exercise 4-02
The ledger of Sandhill Company includes the following unadjusted balances: Prepaid Insurance $3,200, Service Revenue $58,100, and Salaries and Wages Expense $25,600. Adjusting entries are required for (a) expired insurance $2,100, (b) services performed $1,400 are billed and not yet collected, and
(c) accrued salaries payable $70o.
Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts.
LENTZ COMPANY
Worksheet
Trial Balance
Adjustments
Adjusted Trial Balance
Income Statement
Balance Sheet
Account Titles
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Prepaid Insurance
Service Revenue
Salaries and Wages Expense
Accounts Receivable
Salaries and Wages Payable
Insurance Expense
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Transcribed Image Text:Brief Exercise 4-02
The ledger of Sandhill Company includes the following unadjusted balances: Prepaid Insurance $3,200, Service Revenue $58,100, and Salaries and Wages Expense $25,600. Adjusting entries are required for (a) expired insurance $2,100, (b) services performed $1,400 are billed and not yet collected, and
(c) accrued salaries payable $70o.
Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts.
LENTZ COMPANY
Worksheet
Trial Balance
Adjustments
Adjusted Trial Balance
Income Statement
Balance Sheet
Account Titles
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Prepaid Insurance
Service Revenue
Salaries and Wages Expense
Accounts Receivable
Salaries and Wages Payable
Insurance Expense
Click if you would like to Show Work for this question: Open Show Work
LINK TO TEXT
Question Attempts: Unlimited
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![Brief Exercise 4-03
The following selected accounts appear in the adjusted trial balance columns of the worksheet for Ashram Company.
Indicate with an "X" the financial statement column (income statement Dr., balance sheet Cr., etc.) to which each balance should be extended.
Income
Balance Sheet
Statement
Account
Dr.
Cr.
Accumulated Depreciation
Depreciation Expense
Owner's Capital
Owner's Drawings
Service Revenue
Supplies
Accounts Payable
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Transcribed Image Text:Brief Exercise 4-03
The following selected accounts appear in the adjusted trial balance columns of the worksheet for Ashram Company.
Indicate with an "X" the financial statement column (income statement Dr., balance sheet Cr., etc.) to which each balance should be extended.
Income
Balance Sheet
Statement
Account
Dr.
Cr.
Accumulated Depreciation
Depreciation Expense
Owner's Capital
Owner's Drawings
Service Revenue
Supplies
Accounts Payable
Click if you would like to Show Work for this question: Open Show Work
LINK TO TEXT
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