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CHAPTER 4: ADJUSTING ENTRIES AND THE WORK SHEET Mason's Insurance Company Trial Balance August 31, 20- Debit Credit Account Name 3,527 Cash 1,219 Accounts Receivable 492 Supplies Prepaid Insurance Office Equipment Accounts Payable C. Mason, Capital C. Mason, Drawing 1,362 3,939 2,071 9,020 1,900 3,520 Commissions Earned 1,695 Rent Expense 225 Travel Expense 198 Utilities Expense 54 Miscellaneous Expense 14,611 14,611 Check Figure Net Loss, $12 Required 1. Record amounts in the Trial Balance columns of the work sheet. 2. Complete the work sheet by making the following adjustments and lettering each adjustment: a. Expired or used-up insurance, $260. b. Depreciation expense on office equipment, $900. c. Supplies used, $200. LO 3, 4 PROBLEM 4-2B Thetrial balance of The New Decors for the month ended September 30 is as fall CLGL

CHAPTER 4: ADJUSTING ENTRIES AND THE WORK SHEET Mason's Insurance Company Trial Balance August 31, 20- Debit Credit Account Name 3,527 Cash 1,219 Accounts Receivable 492 Supplies Prepaid Insurance Office Equipment Accounts Payable C. Mason, Capital C. Mason, Drawing 1,362 3,939 2,071 9,020 1,900 3,520 Commissions Earned 1,695 Rent Expense 225 Travel Expense 198 Utilities Expense 54 Miscellaneous Expense 14,611 14,611 Check Figure Net Loss, $12 Required 1. Record amounts in the Trial Balance columns of the work sheet. 2. Complete the work sheet by making the following adjustments and lettering each adjustment: a. Expired or used-up insurance, $260. b. Depreciation expense on office equipment, $900. c. Supplies used, $200. LO 3, 4 PROBLEM 4-2B Thetrial balance of The New Decors for the month ended September 30 is as fall CLGL

FINANCIAL ACCOUNTING
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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CHAPTER 4: ADJUSTING ENTRIES AND THE WORK SHEET Mason's Insurance Company Trial Balance August 31, 20- Debit Credit Account Name 3,527 Cash 1,219 Accounts Receivable 492 Supplies Prepaid Insurance Office Equipment Accounts Payable C. Mason, Capital C. Mason, Drawing 1,362 3,939 2,071 9,020 1,900 3,520 Commissions Earned 1,695 Rent Expense 225 Travel Expense 198 Utilities Expense 54 Miscellaneous Expense 14,611 14,611 Check Figure Net Loss, $12 Required 1. Record amounts in the Trial Balance columns of the work sheet. 2. Complete the work sheet by making the following adjustments and lettering each adjustment: a. Expired or used-up insurance, $260. b. Depreciation expense on office equipment, $900. c. Supplies used, $200. LO 3, 4 PROBLEM 4-2B Thetrial balance of The New Decors for the month ended September 30 is as fall CLGL
Transcribed Image Text:CHAPTER 4: ADJUSTING ENTRIES AND THE WORK SHEET Mason's Insurance Company Trial Balance August 31, 20- Debit Credit Account Name 3,527 Cash 1,219 Accounts Receivable 492 Supplies Prepaid Insurance Office Equipment Accounts Payable C. Mason, Capital C. Mason, Drawing 1,362 3,939 2,071 9,020 1,900 3,520 Commissions Earned 1,695 Rent Expense 225 Travel Expense 198 Utilities Expense 54 Miscellaneous Expense 14,611 14,611 Check Figure Net Loss, $12 Required 1. Record amounts in the Trial Balance columns of the work sheet. 2. Complete the work sheet by making the following adjustments and lettering each adjustment: a. Expired or used-up insurance, $260. b. Depreciation expense on office equipment, $900. c. Supplies used, $200. LO 3, 4 PROBLEM 4-2B Thetrial balance of The New Decors for the month ended September 30 is as fall CLGL
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