Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 228 chapter 4 tthe wmadortd trial bsalanee of eari

228 chapter 4 TThe wmadortd trial bsalanee of Earish Investment Advisers st December , Unadjusted...

60.1K

Verified Solution

Question

Accounting

image

image

228 chapter 4 TThe wmadortd trial bsalanee of Earish Investment Advisers st December , Unadjusted Trial Balance r 31, 2018 Account Title %30,000 Office Supplies ,000 s 9,000 Accounts Payable Salaries Payable Unearned Revenue Notes Payat Farish, Capital Farish, Withdrawals 13,000 5.500 21,000 56,500 93,000 2,500 40,000 Insurance Expense Salaries Expense Supplies Expense Interest Expense Rent Expense Depreciation Expense- Equipment 5,500 5,000 198,000 S 198,000 Adjustment data at December 31, 2018 a. Unearned Revenue earned during the year, $800 b. Office Supplies on hand, $4,500. c. Depreciation for the year, $4,500 d. Accrued Salaries Expense, $5,000. e. Accrued Service Revenue, $6,500 Requirements 1. Prepare a worksheet for Farish Investment Advisers at December 31, 2018. 2. Prepare the income statement, the statement of owner's equity, and the lass balance sheet in account format. Assume there were no contributions made owner during the year. 3. Prepare closing entries

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

One representative from the CDC claimed that as many as 25% of people who have Covid-19...

Operations Management
1.2K views

ou are the project manager on a project that is critical to the ongoing success of...

Medical Sciences
1.2K views

Please explain the pH scale. Be sure to include acid, base, and neutral as well as...

Biology
1.2K views

In 1966 American biologist Lynn Margulis proposed the theory of endosymbiosis which is the idea...

Basic Math
1.2K views

Module Knowledge Check Write an equation of the form y a sinbx or y a...

Calculus
1.2K views

Video games are selling at 48 each and are marked up 6 80 above cost...

Accounting
1.2K views

How budget deficits and national debt are defined? Is it a good policy for...

Accounting
1.2K views

why is the correct answer option A. $100,000? Chester and Ellen formed...

Accounting
1.2K views

A $104,100 initial investment will generate the following present values of net cash flows. What...

Accounting
1.2K views

Evaluate main sources of potential financial risk in a company using suitable techniques. For each...

Accounting
1.2K views

Teds Village has five governmental funds: a General Fund, a Debt Service Fund, and three...

Finance
1.2K views

Quality Associates, Inc., a consulting firm, advises its clients about sampling and statistical proceduresthat can...