Account TitleCashPetty CashAccounts ReceivableMerchandise InventorySupplies--OfficeSupplies--StorePrepaid InsuranceAccounts PayableSales Tax PayableKristin Jolson, CapitalKristin Jolson, DrawingAlbert Jolson, CapitalAlbert Jolson, DrawingIncome SummarySalesPurchasesAdvertising ExpenseCredit Card Fee ExpenseInsurance ExpenseMiscellaneous ExpenseRent ExpenseSupplies Expense--OfficeSupplies Expense--StoreUtilities ExpenseTrial BalanceJolson MusicWorksheetFor the Year Ended December 31, 20--AdjustmentsDebitCreditDebitCredit24,640.00500.0011,115.00267,980.006,100.006,500.005,160.0011,665.001,140.00128,840.0020,500.00127,430.0020,350.00227,450.00102,300.005,680.002,315.002,830.0017,280.003,275.00496,525.00 496,525.00Income StatementDebitCreditBalance SheetDebitCredit Preparing an 8-column work sheet for a merchandising businessRECYCLING PROBLEM 15-1Jason Music's trial balance as of December 31 of the current year is recorded on a work sheet in theiacycling Problem Working Papers.Instructions:1. Analyze the following adjustment information and record the adjustments on the work sheet.End-of-Fiscal-Period InformationMerchandise inventory$262,520.002,630.00Office supplies inventoryStore supplies inventoryValue of prepaid insurance2,645.002,150.00Complete the work sheet.3رااا

Worksheet is a 10 column sheet being prepared by the accountant in order to first show all…

画 CYCLING PROBLEM 15-1 Preparing an 8-column work sheet for a merchandising business pson Music's trial balance as of December 31 of the current year is recorded on a work sheet in the iacycling Problem Working Papers. Instructions: 1. Analyze the following adjustment information and record the adjustments on the work sheet. End-of-Fiscal-Period Information Merchandise inventory $262,520.00 Office supplies inventory 2,630.00 Store supplies inventory Value of prepaid insurance 2,645.00 2,150.00 Complete the work sheet

画 CYCLING PROBLEM 15-1 Preparing an 8-column work sheet for a merchandising business pson Music's trial balance as of December 31 of the current year is recorded on a work sheet in the iacycling Problem Working Papers. Instructions: 1. Analyze the following adjustment information and record the adjustments on the work sheet. End-of-Fiscal-Period Information Merchandise inventory $262,520.00 Office supplies inventory 2,630.00 Store supplies inventory Value of prepaid insurance 2,645.00 2,150.00 Complete the work sheet

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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