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On January 31, 20X1, the general ledger of Johnson Company showed the following account balances. Accounts Cash Accounts receivable Supplies Prepaid Insurance Equipment Accumulated depreciation Equipment Accounts payable Elicia Johnson, Capital Fees income Dant Rent expense Salaries expense Supplies expens Insurance expense Depreciation expense-Equipment Additional Information: a. Supplies used during January totaled $5,550. b. Expired insurance totaled $1,975. c. Depreciation expense for the month was $1750. Account Name Complete the worksheet through the Adjusted Trial Balance section. Assume that every account has the normal debit or credit balance. The worksheet covers the month of January. Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation Equipment Accounts payable Elida Johnson, Capital Foss income 62,700 22,200 8,700 7,900 91,200 8 16,400 81,658 Rent expense Salaries expense Supplies expens Insurance expense Depreciation expense Equipment Totals 115,500 10,300 10,558 $ JOHN BON COMPANY Worksheet (Partial) Month Ended January 21, 201 Trial Balance Debit Credit $ DS Adjustments Debit Credit 0$ Adjucted Trial Balance Debit Credit 0$ DS

On January 31, 20X1, the general ledger of Johnson Company showed the following account balances. Accounts Cash Accounts receivable Supplies Prepaid Insurance Equipment Accumulated depreciation Equipment Accounts payable Elicia Johnson, Capital Fees income Dant Rent expense Salaries expense Supplies expens Insurance expense Depreciation expense-Equipment Additional Information: a. Supplies used during January totaled $5,550. b. Expired insurance totaled $1,975. c. Depreciation expense for the month was $1750. Account Name Complete the worksheet through the Adjusted Trial Balance section. Assume that every account has the normal debit or credit balance. The worksheet covers the month of January. Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation Equipment Accounts payable Elida Johnson, Capital Foss income 62,700 22,200 8,700 7,900 91,200 8 16,400 81,658 Rent expense Salaries expense Supplies expens Insurance expense Depreciation expense Equipment Totals 115,500 10,300 10,558 $ JOHN BON COMPANY Worksheet (Partial) Month Ended January 21, 201 Trial Balance Debit Credit $ DS Adjustments Debit Credit 0$ Adjucted Trial Balance Debit Credit 0$ DS

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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On January 31, 20X1, the general ledger of Johnson Company showed the following account balances. Accounts Cash Accounts receivable Supplies Prepaid Insurance Equipment Accumulated depreciation Equipment Accounts payable Elicia Johnson, Capital Fees Income Het expense Salaries expense Supplies expense Insurance expense Depreciation expense-Equipment Account Name Cash Accounts receivable Supplies Additional Information: a. Supplies used during January totaled $5.550. b. Expired Insurance totaled $1,975. c. Depreciation expense for the month was $1750. Prepaid insurance Equipment Accumulated depreciation Equipment Accounts payable Complete the worksheet through the Adjusted Trial Balance section. Assume that every account has the normal debit or credit balance. The worksheet covers the month of January. Elida Johnson, Capital Fees Income 62,700 22,200 8,700 7,900 91,200 Rent expense Salaries expense Supplies expense Insurance expense Depreciation expense Equipment Totals 19 16,400 81,650 115,500 10,300 10,550 d $ 8 Debit JOHN BON COMPANY Worksheet (Partial) Month Ended January 31, 201 Trial Balance Credit Adjustments Debit Credit DS Adjucted Trial Balance Debit Credit 0$ GS
Transcribed Image Text:On January 31, 20X1, the general ledger of Johnson Company showed the following account balances. Accounts Cash Accounts receivable Supplies Prepaid Insurance Equipment Accumulated depreciation Equipment Accounts payable Elicia Johnson, Capital Fees Income Het expense Salaries expense Supplies expense Insurance expense Depreciation expense-Equipment Account Name Cash Accounts receivable Supplies Additional Information: a. Supplies used during January totaled $5.550. b. Expired Insurance totaled $1,975. c. Depreciation expense for the month was $1750. Prepaid insurance Equipment Accumulated depreciation Equipment Accounts payable Complete the worksheet through the Adjusted Trial Balance section. Assume that every account has the normal debit or credit balance. The worksheet covers the month of January. Elida Johnson, Capital Fees Income 62,700 22,200 8,700 7,900 91,200 Rent expense Salaries expense Supplies expense Insurance expense Depreciation expense Equipment Totals 19 16,400 81,650 115,500 10,300 10,550 d $ 8 Debit JOHN BON COMPANY Worksheet (Partial) Month Ended January 31, 201 Trial Balance Credit Adjustments Debit Credit DS Adjucted Trial Balance Debit Credit 0$ GS
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