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Accounting 10 Columns

Here are the missing amounts filled in for the adjustments and adjusted trial balance columns: Nicholson Company Trial Balance Adjustments Adjusted Trial Balance Account Titles Debit Credit Debit Credit Debit Accounts Receivable 25,000 9,000 34,000 Prepaid Insurance 26,000 6,000 20,000 Supplies 7,000 5,000 2,000 Accumulated Depreciation 12,000 10,000 22,000 Salaries Payable 5,000 5,000 Service Revenue 88,000 9,000 97,000 Insurance Expense

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TRIXIEJOY INION
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81 views2 pages

Accounting 10 Columns

Here are the missing amounts filled in for the adjustments and adjusted trial balance columns: Nicholson Company Trial Balance Adjustments Adjusted Trial Balance Account Titles Debit Credit Debit Credit Debit Accounts Receivable 25,000 9,000 34,000 Prepaid Insurance 26,000 6,000 20,000 Supplies 7,000 5,000 2,000 Accumulated Depreciation 12,000 10,000 22,000 Salaries Payable 5,000 5,000 Service Revenue 88,000 9,000 97,000 Insurance Expense

Uploaded by

TRIXIEJOY INION
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Inion, Trixie Joy M.

March 17, 2021


BBC 1106 - B1B

1. The adjusted trial balance columns of the worksheet for Good Company are as follows
GOOD COMPANY
Worksheet (partial)
For the month ended April 30, 2018

Adjusted Trial Balance Income statement Financial Position


Account Titles Debit Credit Debit Credit Debit
Cash 13, 752 13,752
Accounts Receivable 7,840 7,840
Prepaid Rent 2,280 2,280
Equipment 23,050 23,050
Accumulated Depreciation 4,921
Notes Payable 5,700
Accounts Payable 5,672
Go, Capital 30,960
Go, Drawings 3,650 3,650
Service Revenue 15,590 15,590
Salaries Expense 10,840 10,840
Rent Expense 760 760
Depreciation Expense 671 671
Interest Expense 57 57
Interest Payable 57
Totals ₱ 62,900.00 ₱ 62,900.00 ₱ 12,328.00 ₱ 15,590.00 ₱ 50,572.00
Adjustments 3,262
₱ 15,590.00 ₱ 15,590.00 ₱ 50,572.00

2. Selected worksheet data for Nicholson Company are presented below


Trial Balance Adjustments Adjusted Trial Balance
Account Titles Debit Credit Debit Credit Debit
Accounts Receivable 25,000 9,000 34,000
Prepaid Insurance 26,000 6,000 20,000
Supplies 7,000 5,000 2,000
Accumulated, Depreciation 12,000 10,000
Salaries Payable 5,000
Service Revenue 88,000 9,000
Insurance Expense 6,000 6,000
Depreciation Expense 10,000 10,000
Supplies Expense 5,000 5,000
Salaries Expense 44,000 5,000 49,000

Required: Fill up the adjustment column and the missing amounts in the adjusted trial balance
nancial Position
Credit

4,921
5,700
5,672
30,960

57
₱ 47,310.00
3,262
₱ 50,572.00

justed Trial Balance


Credit

22,000
5,000
97,000

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