Ceries MerchandisingUnadjusted Trial BalanceJune 30, 2015Account TitleDebitCreditCash155,929.0028,433.00Accounts ReceivableMerchandise InventoryTransportation Equipment (Purchase on June 2, 2015)Accounts Payable150,000.00231,190.00500,000.00Celestine, CapitalSales83,562.001,410.00459,750.00Sales DiscountPurchasePurchase Discount8,560.00Salaries ExpenseSupplies ExpenseAdvertising ExpenseRents Expense (Expense on June 3, 2015)7,500.005,490.004,800.0010,000.00Total823.312.00823.312.00Additional Information:1. The delivery vehicle with no salvage value has useful life Of 10 years.2. The 10,000 rental payment is applicable for the months of June and July 2015. (Expense Method)3. Celestine received a statement of account from Star Oil Çenter on June 30, 2015 reflecting a total billof 2,180 which represents an unpaid fuel purchases on June 2015.Required:1.) Prepare 3- Column Worksheet for Unadjusted Trial Balance to Adjusted Trial Balance中

Before financial statements can be created, adjusting entries are required to update all account…

Ceries Merchandising Unadjusted Trial Balance June 30, 2015 Account Title Debit Credit Cash 155,929.00 28,433.00 Accounts Receivable Merchandise Inventory Transportation Equipment (Purchase on June 2, 2015) Accounts Payable Celestine, Capital 150,000.00 231,190.00 500,000.00 83,562.00 Sales Sales Discount 1,410.00 Purchase 459,750.00 Purchase Discount 8,560.00 Salaries Expense Supplies Expense Advertising Expense Rents Expense (Expense on June 3, 2015) Total 7,500.00 5,490.00 4,800.00 10,000.00 823.312.00 823.312.00 Additional Information: 1. The delivery vehicle with no salvage value has useful life Of 10 years. 2. The 10,000 rental payment is applicable for the months of June and July 2015. (Expense Method) 3. Celestine received a statement of account from Star Oil Center on June 30, 2015 reflecting a total bill of 2,180 which represents an unpaid fuel purchases on June 2015. Required: 1.) Prepare 3- Column Worksheet for Unadjusted Trial Balance to Adjusted Trial Balance

Ceries Merchandising Unadjusted Trial Balance June 30, 2015 Account Title Debit Credit Cash 155,929.00 28,433.00 Accounts Receivable Merchandise Inventory Transportation Equipment (Purchase on June 2, 2015) Accounts Payable Celestine, Capital 150,000.00 231,190.00 500,000.00 83,562.00 Sales Sales Discount 1,410.00 Purchase 459,750.00 Purchase Discount 8,560.00 Salaries Expense Supplies Expense Advertising Expense Rents Expense (Expense on June 3, 2015) Total 7,500.00 5,490.00 4,800.00 10,000.00 823.312.00 823.312.00 Additional Information: 1. The delivery vehicle with no salvage value has useful life Of 10 years. 2. The 10,000 rental payment is applicable for the months of June and July 2015. (Expense Method) 3. Celestine received a statement of account from Star Oil Center on June 30, 2015 reflecting a total bill of 2,180 which represents an unpaid fuel purchases on June 2015. Required: 1.) Prepare 3- Column Worksheet for Unadjusted Trial Balance to Adjusted Trial Balance

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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