Worksheet The adjusted trial balance columns of a worksheet for Bond Corporation are shown below. The worksheet is prepared for the year ended December 31. Adjusted Trial Balance Debit Credit Cash $6,000 Accounts Receivable 6,500 Equipment 83,000 Accumulated Depreciation $14,000 Notes Payable 12,500 Common Stock 48,000 Retained Earnings 20,600 Cash Dividends 8,000 Service Fees Earned 71,900 Rent Expense 18,000 Salaries Expense 38,500 Depreciation Expense 7,000 Totals $167,000 $167,000 Complete the worksheet by (a) entering the adjusted trial balance, (b) putting in the worksheet income statement and balance sheet columns, (c) extending the adjusted trial balance to the income statement and balance sheet columns, and (d) balancing the worksheet. Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Cash Answer Answer Answer Answer Answer Answer Accounts Receivable Answer Answer Answer Answer Answer Answer Equipment Answer Answer Answer Answer Answer Answer Accumulated Depreciation Answer Answer Answer Answer Answer Answer Notes Payable Answer Answer Answer Answer Answer Answer Common Stock Answer Answer Answer Answer Answer Answer Retained Earnings Answer Answer Answer Answer Answer Answer Cash Dividends Answer Answer Answer Answer Answer Answer Service fees Earned Answer Answer Answer Answer Answer Answer Rent Expense Answer Answer Answer Answer Answer Answer Salaries Expense Answer Answer Answer Answer Answer Answer Depreciation Expense Answer Answer Answer Answer Answer Answer Totals Answer Answer Answer Answer Answer Answer Net Income Answer Answer Answer Answer Totals Answer Answer Answer Answer

Worksheet The adjusted trial balance columns of a worksheet for Bond Corporation are shown below. The worksheet is prepared for the year ended December 31. Adjusted Trial Balance Debit Credit Cash $6,000 Accounts Receivable 6,500 Equipment 83,000 Accumulated Depreciation $14,000 Notes Payable 12,500 Common Stock 48,000 Retained Earnings 20,600 Cash Dividends 8,000 Service Fees Earned 71,900 Rent Expense 18,000 Salaries Expense 38,500 Depreciation Expense 7,000 Totals $167,000 $167,000 Complete the worksheet by (a) entering the adjusted trial balance, (b) putting in the worksheet income statement and balance sheet columns, (c) extending the adjusted trial balance to the income statement and balance sheet columns, and (d) balancing the worksheet. Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Cash Answer Answer Answer Answer Answer Answer Accounts Receivable Answer Answer Answer Answer Answer Answer Equipment Answer Answer Answer Answer Answer Answer Accumulated Depreciation Answer Answer Answer Answer Answer Answer Notes Payable Answer Answer Answer Answer Answer Answer Common Stock Answer Answer Answer Answer Answer Answer Retained Earnings Answer Answer Answer Answer Answer Answer Cash Dividends Answer Answer Answer Answer Answer Answer Service fees Earned Answer Answer Answer Answer Answer Answer Rent Expense Answer Answer Answer Answer Answer Answer Salaries Expense Answer Answer Answer Answer Answer Answer Depreciation Expense Answer Answer Answer Answer Answer Answer Totals Answer Answer Answer Answer Answer Answer Net Income Answer Answer Answer Answer Totals Answer Answer Answer Answer

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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Worksheet

The adjusted trial balance columns of a worksheet for Bond Corporation are shown below. The worksheet is prepared for the year ended December 31.

	Adjusted Trial Balance
	Debit	Credit
Cash	$6,000
Accounts Receivable	6,500
Equipment	83,000
Accumulated Depreciation		$14,000
Notes Payable		12,500
Common Stock		48,000
Retained Earnings		20,600
Cash Dividends	8,000
Service Fees Earned		71,900
Rent Expense	18,000
Salaries Expense	38,500
Depreciation Expense	7,000
Totals	$167,000	$167,000

Complete the worksheet by (a) entering the adjusted trial balance, (b) putting in the worksheet income statement and balance sheet columns, (c) extending the adjusted trial balance to the income statement and balance sheet columns, and (d) balancing the worksheet.

	Adjusted Trial Balance			Balance Sheet
	Debit	Credit	Debit	Credit	Debit	Credit
Cash	Answer	Answer	Answer	Answer	Answer	Answer
Accounts Receivable	Answer	Answer	Answer	Answer	Answer	Answer
Equipment	Answer	Answer	Answer	Answer	Answer	Answer
Accumulated Depreciation	Answer	Answer	Answer	Answer	Answer	Answer
Notes Payable	Answer	Answer	Answer	Answer	Answer	Answer
Common Stock	Answer	Answer	Answer	Answer	Answer	Answer
Retained Earnings	Answer	Answer	Answer	Answer	Answer	Answer
Cash Dividends	Answer	Answer	Answer	Answer	Answer	Answer
Service fees Earned	Answer	Answer	Answer	Answer	Answer	Answer
Rent Expense	Answer	Answer	Answer	Answer	Answer	Answer
Salaries Expense	Answer	Answer	Answer	Answer	Answer	Answer
Depreciation Expense	Answer	Answer	Answer	Answer	Answer	Answer
Totals	Answer	Answer	Answer	Answer	Answer	Answer
Net Income			Answer	Answer	Answer	Answer
Totals			Answer	Answer	Answer	Answer

Expert Solution

Step 1: Define Worksheet -

Worksheet is a columninar table that shows the unadjusted trial balance, adjustments, adjusted trial balance and financial statements.

It can also be called a 10 column worksheet.

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