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EB13. LO 4.4 Prepare an adjusted trial balance from the following account information, considering the adjustment data provided (assume accounts have normal balances). Adjustments needed: · Accounts payable Accounts receivable Cash Common stock Fees earned revenue Operating expense Supplies $10,075 15,500 64,575 31,000 82,000 38,000 5,000 Physical count of supplies inventory remaining at end of period, $2,150 Taxes payable at end of period, $3,850

EB13. LO 4.4 Prepare an adjusted trial balance from the following account information, considering the adjustment data provided (assume accounts have normal balances). Adjustments needed: · Accounts payable Accounts receivable Cash Common stock Fees earned revenue Operating expense Supplies $10,075 15,500 64,575 31,000 82,000 38,000 5,000 Physical count of supplies inventory remaining at end of period, $2,150 Taxes payable at end of period, $3,850

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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7:52 Search := Financial Accounting-OP... Accounts payable Accounts receivable Administrative expense Adjustments needed: Cash Common stock Prepaid rent Revenue EB13. LO 4.4 Prepare an adjusted trial balance from the following account information, considering the adjustment data provided (assume accounts have normal balances). Accounts payable Accounts receivable Cash Common stock Fees earned revenue Operating expense Supplies Chapter 4 The Adjustment Process This OpenStax book is available for free at http://cnx.org/content/col25448/1.4 Physical co of supplies inventory remaining at end of period, $2,15 Taxes payable at end of period, $3,850 $ 22,400 45,750 57,700 56,500 40,000 8,750 106,300 Cash Accounts receivable Supplies Accounts payable Taxes payable Common stock $10,075 15,500 64,575 31,000 82,000 38,000 5,000 Adjusted Trial Balance Debit $ 77,800 19,500 7,650 Fees earned revenue Operating expense EB14. LO 4.5 From the following Company B adjusted trial balance, prepare simple financial statements, as follows: A. Income Statement B. Retained Earnings Statement C. Balance Sheet 39,200 144,150 .ıl Credit Done $ 8,500 5,350 35,000 95,300 144,150 2 Problem Set A PA1. LO 4.1 Identify whether each of the following transactions, which are related to revenue recognition, are accrual deferral or neither. Q
Transcribed Image Text:7:52 Search := Financial Accounting-OP... Accounts payable Accounts receivable Administrative expense Adjustments needed: Cash Common stock Prepaid rent Revenue EB13. LO 4.4 Prepare an adjusted trial balance from the following account information, considering the adjustment data provided (assume accounts have normal balances). Accounts payable Accounts receivable Cash Common stock Fees earned revenue Operating expense Supplies Chapter 4 The Adjustment Process This OpenStax book is available for free at http://cnx.org/content/col25448/1.4 Physical co of supplies inventory remaining at end of period, $2,15 Taxes payable at end of period, $3,850 $ 22,400 45,750 57,700 56,500 40,000 8,750 106,300 Cash Accounts receivable Supplies Accounts payable Taxes payable Common stock $10,075 15,500 64,575 31,000 82,000 38,000 5,000 Adjusted Trial Balance Debit $ 77,800 19,500 7,650 Fees earned revenue Operating expense EB14. LO 4.5 From the following Company B adjusted trial balance, prepare simple financial statements, as follows: A. Income Statement B. Retained Earnings Statement C. Balance Sheet 39,200 144,150 .ıl Credit Done $ 8,500 5,350 35,000 95,300 144,150 2 Problem Set A PA1. LO 4.1 Identify whether each of the following transactions, which are related to revenue recognition, are accrual deferral or neither. Q
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Adjusted trial balance is the statement (non-financial) that includes balances of all the accounts after passing adjusting entries at the close of the year. Such adjustments may relate to outstanding income & expenses or prepaid incomes & expenses, depreciation, etc. Adjusted trial balance is prepared after preparation of trial balance whereas trial balance excludes all adjusting entries.

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