![Financial & Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337119207/9781337119207_largeCoverImage.gif)
Concept explainers
Appendix 1
Adjustment data on an end-of-period spreadsheet
Alert Security Services Co. offers security services to business clients. The
Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2018 | ||||||
Account Title | Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | |||
Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | |
Cash | 12 | |||||
90 | ||||||
Supplies | 8 | |||||
Prepaid Insurance | 12 | |||||
Land | 190 | |||||
Equipment | 50 | |||||
Accum. Depr.—Equipment | 4 | |||||
Accounts Payable | 36 | |||||
Wages Payable | 0 | |||||
Common Stock | 50 | |||||
210 | ||||||
Dividends | 8 | |||||
Fees Earned | 200 | |||||
Wages Expense | 110 | |||||
Rent Expense | 12 | |||||
Insurance Expense | 0 | |||||
Utilities Expense | 6 | |||||
Supplies Expense | 0 | |||||
0 | ||||||
Miscellaneous Expense | 2 | |||||
500 | 500 |
The data for year-end adjustments are as follows:
A. Fees earned, but not yet billed, $13.
B. Supplies on hand, $4.
C. Insurance premiums expired, $10.
D. Depreciation expense, $3.
E. Wages accrued, but not paid, $1.
Enter the adjustment data, and place the balances in the Adjusted Trial Balance columns.
![Check Mark](/static/check-mark.png)
Want to see the full answer?
Check out a sample textbook solution![Blurred answer](/static/blurred-answer.jpg)
Chapter 4 Solutions
Financial & Managerial Accounting
Additional Business Textbook Solutions
Principles of Microeconomics (MindTap Course List)
Marketing: An Introduction (13th Edition)
Corporate Finance (4th Edition) (Pearson Series in Finance) - Standalone book
Fundamentals of Management (10th Edition)
Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
- The balance in the office supplies account on June 1 was $16,300, supplies purchased during June were $4,300, and the supplies on hand at June 30 were $3,100. The amount to be used for the appropriate adjusting entry is:arrow_forwardneed help this questionsarrow_forwardHow much overhead would be applied to production?arrow_forward
- The Tansen Manufacturing overhead budget is based on budgeted direct labor-hours. The direct labor budget indicates that 9,500 direct labor-hours will be required in September. The variable overhead rate is $6.00 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $145,000 per month, which includes depreciation of $32,500. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. What should be Tansen Manufacturing’s predetermined overhead rate for September? A. $6.00 B. $18.90 C. $21.26 D. $16.00arrow_forwardTransitioning to a multiple department rate system for allocating overheadarrow_forwardThe financial statements of the Bolton Manufacturing Company reported net sales of $530,000 and account receivable of $68,000 and $32,000 at the beginning of the year and end of the year, respectively. What is the receivables turnover ratio for Bolton?arrow_forward
- Ans pleasearrow_forwardhelp me to solve this questionsarrow_forwardMala Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor hours were 16,120 hours and the total estimated manufacturing overhead was $425,680. At the end of the year, actual direct labor hours for the year were 17,355 hours and the actual manufacturing overhead for the year was $315,600. Overhead at the end of the year was _____. Please help mearrow_forward
- Financial AccountingAccountingISBN:9781337272124Author:Carl Warren, James M. Reeve, Jonathan DuchacPublisher:Cengage LearningCollege Accounting, Chapters 1-27AccountingISBN:9781337794756Author:HEINTZ, James A.Publisher:Cengage Learning,Financial And Managerial AccountingAccountingISBN:9781337902663Author:WARREN, Carl S.Publisher:Cengage Learning,
- Intermediate Accounting: Reporting And AnalysisAccountingISBN:9781337788281Author:James M. Wahlen, Jefferson P. Jones, Donald PagachPublisher:Cengage LearningCentury 21 Accounting Multicolumn JournalAccountingISBN:9781337679503Author:GilbertsonPublisher:Cengage
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337272124/9781337272124_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337794756/9781337794756_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337902663/9781337902663_smallCoverImage.jpg)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)