Update the trial balance for Lancing Landscaping Service for March 31, 201x. Adjustment Data to Update the Trial Balance a. Rent expired, $350. b. Landscaping supplies on hand (remaining), $150. c. Depreciation expense, Landscaping equipment, $400. d. Wages earned by workers but not paid or due until April, $600.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question
Ex 4.13
Update the trial balance for Lancing Landscaping Service for March 31, 201X.
Adjustment Data to Update the Trial Balance
a. Rent expired, $350.
b. Landscaping supplies on hand (remaining), $150.
c. Depreciation expense, Landscaping equipment, $400.
d. Wages earned by workers but not paid or due until April, $600.
LANCING'S LANDSCAPING SERVICE
TRIAL BALANCE
MARCH 31, 201X
Dr.
Cr.
Cash in Bank
670000
Accounts Receivable
40000
Prepaid Rent
Landscaping Supplies
Landscaping Equipment
Accumulated Depreciation, Landscaping Equipment
Accounts Payable
A. Lancing, Capital
Landscaping Revenue
Heat Expense
Advertising Expense
Wage Expense
160000
112200
160000
102000
103200
2405 00
87oo00
27500
10000
136000
1315700
1315700
Transcribed Image Text:Ex 4.13 Update the trial balance for Lancing Landscaping Service for March 31, 201X. Adjustment Data to Update the Trial Balance a. Rent expired, $350. b. Landscaping supplies on hand (remaining), $150. c. Depreciation expense, Landscaping equipment, $400. d. Wages earned by workers but not paid or due until April, $600. LANCING'S LANDSCAPING SERVICE TRIAL BALANCE MARCH 31, 201X Dr. Cr. Cash in Bank 670000 Accounts Receivable 40000 Prepaid Rent Landscaping Supplies Landscaping Equipment Accumulated Depreciation, Landscaping Equipment Accounts Payable A. Lancing, Capital Landscaping Revenue Heat Expense Advertising Expense Wage Expense 160000 112200 160000 102000 103200 2405 00 87oo00 27500 10000 136000 1315700 1315700
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Completing the Accounting Cycle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education