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Requirements: 1. Prepare a worksheet 2. Prepare financial statements

Requirements: 1. Prepare a worksheet 2. Prepare financial statements

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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eave O Zoom v 21:21 Unmut 2/3 150% FROST COMPANY TRIAL BALANCE DECEMBER 31, 201X Dr. Cr. Cash 14 Accounts Receivable Prepaid Insurance Plumbing Supplies Plumbing Equipment Accumulated Depreciation, Plumbing Equipment Accounts Payable 5. 3 J. Frost, Capital J. Frost, Withdrawals 12 3 Plumbing Fees Rent Expense Salaries Expense 27 4 Totals 45 45 Adjustment Data a. Insurance Expired, $3. b. Plumbing Supplies on hand, $1. c. Depreciation Expense, Plumbing Equipment, $1. d. Salaries owed but not paid to employees, $2. Requirements: 1. Prepare a worksheet 2. Prepare financial statements
Transcribed Image Text:eave O Zoom v 21:21 Unmut 2/3 150% FROST COMPANY TRIAL BALANCE DECEMBER 31, 201X Dr. Cr. Cash 14 Accounts Receivable Prepaid Insurance Plumbing Supplies Plumbing Equipment Accumulated Depreciation, Plumbing Equipment Accounts Payable 5. 3 J. Frost, Capital J. Frost, Withdrawals 12 3 Plumbing Fees Rent Expense Salaries Expense 27 4 Totals 45 45 Adjustment Data a. Insurance Expired, $3. b. Plumbing Supplies on hand, $1. c. Depreciation Expense, Plumbing Equipment, $1. d. Salaries owed but not paid to employees, $2. Requirements: 1. Prepare a worksheet 2. Prepare financial statements
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