The trail balance columns of the worksheet for Khareef Company at September 30, 2019, are as follows: Khareef Company Worksheet For the month ended September 30, 2019   Trial Balance Account Titles Dr. Cr. Cash 15,000   Accounts Receivable 9,700   Supplies 5,500   Accounts Payable   3,700 Unearned Service Revenue   8,200 Capital   20,000 Service Revenue   1,700 Salaries Expense 2,500   Utilities Expense 900   Total 33,600 33,600   Additional Information: The available supplies on hand is $2,000 Rendered service of $10,000 but not recorded. Accrued interest is $150 Accrued salaries are $500 Utilities expense of $600 is not recorded Paid the amount due of $700 on account   Instructions: Enter the trail balance on a worksheet and complete it.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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  1. The trail balance columns of the worksheet for Khareef Company at September 30, 2019, are as follows:

Khareef Company

Worksheet

For the month ended September 30, 2019

 

Trial Balance

Account Titles

Dr.

Cr.

Cash

15,000

 

Accounts Receivable

9,700

 

Supplies

5,500

 

Accounts Payable

 

3,700

Unearned Service Revenue

 

8,200

Capital

 

20,000

Service Revenue

 

1,700

Salaries Expense

2,500

 

Utilities Expense

900

 

Total

33,600

33,600

 

Additional Information:

  1. The available supplies on hand is $2,000
  2. Rendered service of $10,000 but not recorded.
  3. Accrued interest is $150
  4. Accrued salaries are $500
  5. Utilities expense of $600 is not recorded
  6. Paid the amount due of $700 on account

 

Instructions: Enter the trail balance on a worksheet and complete it.

 

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