Complete the work sheet for Ramey Company, dated December 31, 20--, through the adjusted trial balance using the following adjustment information: a. Expired or used-up insurance, $590. b. Depreciation expense on equipment, $750 (remember to credit the Accumulated Depreciation account for equipment, not Equipment). c. Wages accrued or earned since the last payday, $260 (owed and to be paid on the next payday). d. Supplies remaining, $80. If no amount is required, enter 0. ACCOUNT NAME 1 Cash 2 Supplies 3 Prepaid Insurance 4 Equipment 5 Accum. Depr., Equipment 6 Accounts Payable 7 S. Ramey, Capital 8 S. Ramey, Drawing 9 Service Fees 10 Rent Expense 11 Supplies Expense 12 Wages Expense 13 Miscellaneous Expense 14 15 16 17 18 TRIAL BALANCE DEBIT 5,190 430 1,200 4,678 1,700 965 267 765 98 Ramey Company Work Sheet For Month Ended December 31, 20-- 15,293 CREDIT 1,556 1,875 6,026 5,836 15,293 ADJUSTMENTS DEBIT CREDIT ADJUSTED TRIAL BALANCE DEBIT CREDIT 1 2 3 4 5 6 7 8 9 10 11 12 13 4-15|16|17 17 18

Complete the work sheet for Ramey Company, dated December 31, 20--, through the adjusted trial balance using the following adjustment information: a. Expired or used-up insurance, $590. b. Depreciation expense on equipment, $750 (remember to credit the Accumulated Depreciation account for equipment, not Equipment). c. Wages accrued or earned since the last payday, $260 (owed and to be paid on the next payday). d. Supplies remaining, $80. If no amount is required, enter 0. ACCOUNT NAME 1 Cash 2 Supplies 3 Prepaid Insurance 4 Equipment 5 Accum. Depr., Equipment 6 Accounts Payable 7 S. Ramey, Capital 8 S. Ramey, Drawing 9 Service Fees 10 Rent Expense 11 Supplies Expense 12 Wages Expense 13 Miscellaneous Expense 14 15 16 17 18 TRIAL BALANCE DEBIT 5,190 430 1,200 4,678 1,700 965 267 765 98 Ramey Company Work Sheet For Month Ended December 31, 20-- 15,293 CREDIT 1,556 1,875 6,026 5,836 15,293 ADJUSTMENTS DEBIT CREDIT ADJUSTED TRIAL BALANCE DEBIT CREDIT 1 2 3 4 5 6 7 8 9 10 11 12 13 4-15|16|17 17 18

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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