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
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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   Income Statement   Balance Sheet
  Debit Credit   Debit Credit   Debit Credit
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Salaries Expense Answer
 
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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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