FUNDAMENTAL ACCOUNTING PRINCIPLES
| No. | Account Title | Unadjusted | Trial Balance | Adjustments | Adjusted | Trial Balance |
|-----|-----------------------------------------|------------|---------------|-------------|----------|---------------|
| 109 | Interest receivable | | | (d) 5880 | | |
| 124 | Office supplies | | | | (b) $1,750 | |
| 128 | Prepaid insurance | | | | (a) 900 | |
| 164 | Accumulated depreciation-Office equipment | | | | (c) 2,200 | |
| 209 | Salaries payable | | | | (e) 560 | |
| 409 | Interest revenue | | | - | 880 | |
| 612 | Depreciation expense-Office equipment | | | (c) 2,200 | | |
| 620 | Office salaries expense | | | (e) 560 | | |
| 637 | Insurance expense | | | (a) 900 | 2 | |
| 650 | Office supplies expense | | | (b) 1,750 | | |
| | Totals | | | $6,290 | $6,290 | |
Exercise 4-4
Page 148
Completing worksheet adjustments
P1
The following data are taken from the unadjusted trial balance of the Westcott Company at December 31.
Use the following information to complete the Adjustments columns of the worksheet.
a. Depreciation on equipment, $3
b. Accrued salaries, $6
c. The $12 of unearned revenue has been earned
d. Supplies available at December 31, $15
e. Expired insurance, $15
1 minute left in chapter
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