Clear Copy Co.WorksheetFor month ended December 31, 2021Unadjusted TrialBalanceAccount| Adjusted Trial BalanceAdjustmentsDebitIncome StatementBalance SheetNo101 Cash102 |Store Supplies| 103 Prepaid Insurance|104 Copy Equipment105 Accumulated Depreciation201 Accounts Payable202 Salaries Payable203 Unearned Copy Services Revenue301 Terry Dow, Capital302 Terry Dow, Withdrawals| 401 Copy Services Revenue501 Depreciation Expense502 Salaries Expense503 Insurance Expense504 Rent Expense505 Store Supplies Expense506 Utilities ExpenseTitleDebitCreditCreditDebitCreditDebitCreditDebitCredit7,950.003,720.002,400.0026,000.006,200.003,000.0030,000.00400.003,900.001,400.001,000.00230.00Totals43,100.0043,100,000.000.000.000.000.000.000.000.00Net Income0.000.00 506 Utilities ExpenseTotals230.0043,100.0043,100.000.000.000.000.000.000.000.000.00(1.000.00Net Income0.00Totals0.000.000.00Adjustment Data :a.) Unexpired insurance is P 800.b.) Store supplies used is P1,500,c.) Depreciation on copy equipment is 5% of cost.d.) Accrued Salaries is P 200.e.) 2/3 of the unearned copy services revenue is unearned.Directions:1.) Prepare adjusting entries and write the entries below.2.) Complete the worksheet.Adjusting EntriesDebitCredita.b.)c.)d.)

Name: Clear Copy Co.WorksheetFor month ended December 31, 2021Unadjusted Tr
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Description: Clear Copy Co.WorksheetFor month ended December 31, 2021Unadjusted TrialBalanceAccount| Adjusted Trial BalanceAdjustmentsDebitIncome StatementBalance SheetNo101 Cash102 |Store Supplies| 103 Prepaid Insurance|104 Copy Equipment105 Accumulated Depreci

Adjusting entries are entries that are passed at the end of accounting period in order to properly…

Business

Accounting

Totals 43,100.00 43,100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 Net Income 0.00 L00 Totals 0.00 0.00 0.00 0.0 Adjustment Data : a.) Unexpired insurance is P 800. b.) Store supplies used is P 1,500. c.) Depreciation on copy equipment is 5% of cost. d.) Accrued Salaries is P 200. e.) 2/3 of the unearned copy services revenue is unearned. Directions: 1.) Prepare adjusting entries and write the entries below. 2.) Complete the worksheet. Adjusting Entries Debit Credit a.) b.)

Totals 43,100.00 43,100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 Net Income 0.00 L00 Totals 0.00 0.00 0.00 0.0 Adjustment Data : a.) Unexpired insurance is P 800. b.) Store supplies used is P 1,500. c.) Depreciation on copy equipment is 5% of cost. d.) Accrued Salaries is P 200. e.) 2/3 of the unearned copy services revenue is unearned. Directions: 1.) Prepare adjusting entries and write the entries below. 2.) Complete the worksheet. Adjusting Entries Debit Credit a.) b.)

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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Original Cost POST. ... Accumulated Depreciation for Previous Years DATE DESCRIPTION REF. DEBIT CREDIT ... Book Value, Beginning Year 4 1 20xx ... Salvage Value 2 2. ... Revised Remaining Depreciation Cost 3 ... 4 Revised Useful Life 15 YEARS Revised Depreciation, Total Revised Depreciation, Per Year ...
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