The adjusted trial balance of Kramer's Legal Practice appears below: KRAMER'S LEGAL PRACTICE Adjusted Trial Balance December 31, 2021 Debit Credit Cash $6,400 Accounts receivable 1,200 Office supplies 1,800 Office equipment 8,000 Accumulated depreciation-office equipment $2,500 Computer equipment 6,000 Accumulated depreciation-computer equipment 1,500 Accounts payable 6,000 Unearned revenue 3,000 H. Kramer, capital 12,400
The adjusted trial balance of Kramer's Legal Practice appears below: KRAMER'S LEGAL PRACTICE Adjusted Trial Balance December 31, 2021 Debit Credit Cash $6,400 Accounts receivable 1,200 Office supplies 1,800 Office equipment 8,000 Accumulated depreciation-office equipment $2,500 Computer equipment 6,000 Accumulated depreciation-computer equipment 1,500 Accounts payable 6,000 Unearned revenue 3,000 H. Kramer, capital 12,400
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter3: Review Of A Company's Accounting System
Section: Chapter Questions
Problem 11P: Worksheet Devlin Company has prepared the following partially completed worksheet for the year ended...
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![The adjusted trial balance of Kramer's Legal Practice appears below:
KRAMER'S LEGAL PRACTICE
Adjusted Trial Balance
December 31, 2021
Debit Credit
Cash $6,400
Accounts receivable 1,200
Office supplies 1,800
Office equipment 8,000
Accumulated depreciation-office equipment $2,500
Computer equipment 6,000
Accumulated depreciation-computer equipment 1,500
Accounts payable 6,000
Unearned revenue 3,000
H. Kramer, capital 12,400
H. Kramer, drawings 2,500
Service earned 5,500
Office supplies expense 600
Depreciation expense 2,500
Rent expense 1,900
$30,900 $30,900
Instructions
Using this information, prepare for the month ended December 31:
a) an income statement;
b) a statement of owner's equity; and
a balance sheet.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F951f2231-86e9-407d-a37c-7af21b435d5e%2F32b9e4e7-a8d2-460b-b624-9dc487a1d302%2Fgtifwj_processed.png&w=3840&q=75)
Transcribed Image Text:The adjusted trial balance of Kramer's Legal Practice appears below:
KRAMER'S LEGAL PRACTICE
Adjusted Trial Balance
December 31, 2021
Debit Credit
Cash $6,400
Accounts receivable 1,200
Office supplies 1,800
Office equipment 8,000
Accumulated depreciation-office equipment $2,500
Computer equipment 6,000
Accumulated depreciation-computer equipment 1,500
Accounts payable 6,000
Unearned revenue 3,000
H. Kramer, capital 12,400
H. Kramer, drawings 2,500
Service earned 5,500
Office supplies expense 600
Depreciation expense 2,500
Rent expense 1,900
$30,900 $30,900
Instructions
Using this information, prepare for the month ended December 31:
a) an income statement;
b) a statement of owner's equity; and
a balance sheet.
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