Problem (90 points)
The account balances appearing on the trial balance (below) were taken from the
general ledger of Rick's Copy Shop at September 30.
Additional information for the month of September which has not yet been recorded in
the accounts is as follows:
(a) A physical count of supplies indicates $300 on hand at September 30.
(b) The amount of insurance that expired in the month of September was $200.
(c) Depreciation on equipment for the month of September was $400.
(d) Rent owed on the copy shop for the month of September was $600 but will not be
paid until October.
Instructions
1. Using the above information, complete the worksheet on the following page for Rick's
Copy Shop for the month of September. (40 points)
Trial Balance
Account Titles
Adjustments
Adjusted
Debit Credit Debit Credit Debit Credit
Trial Balance
Cash
3,000
Supplies
1,100
Prepaid Insurance
2,200
Equipment
24,000
Accum. Depreciation-
Equipment
4,500
Accounts Payable
2,400
Notes Payable
4,000
Owner's Capital
15,300
Owner's Drawings
2,400
Service Revenue
6,900
Utilities Expense
400
Totals
33,100 33,100
Supplies Expense
Insurance Expense
Depreciation Expense
Rent Expense
Rent Payable
Totals