Chapter 4 Lecture Assignment (part 1)

Hide or show questions

eBook

Calculator

Appendix: Completing an End-of-Period Spreadsheet

Alert Security Services Co. offers security services to businessclients. Complete the following end-of-period spreadsheet for AlertSecurity Services Co. If a box does not require an entry, leave itblank.

Alert Security Services Co. End-of-Period Spreadsheet (Work Sheet) For the Year Ended October 31, 2019
	Adjusted Trial Balance				Income Statement		Balance Sheet
Account Title	Dr.		Cr.		Dr.	Cr.	Dr.	Cr.
Cash	373
Accounts Receivable	2,737
Supplies	124
Prepaid Insurance	93
Land	3,110
Equipment	1,244
Accum. Depr.-Equipment			249
Accounts Payable			1,120
Wages Payable			124
Brenda Schultz, Capital			5,410
Brenda Schultz, Drawing	249
Fees Earned			3,048
Wages Expense	746
Rent Expense	373
Insurance Expense	311
Utilities Expense	218
Supplies Expense	187
Depreciation Expense	124
Miscellaneous Expense	62
Totals	9,951		9,951
Net income (loss)

Check My Work1 more Check My Work uses remaining.

Previous

Chapter 4 Lecture Assignment (part 1)

EX.04-24

EX.04-25.ALGO

Hide or show questions

Progress:1/2 items

eBook

Calculator

Appendix: Adjustment Data on an End-of-Period Spreadsheet

Alert Security Services Co. offers security services to businessclients. The trial balance for Alert Security Services Co. has beenprepared on the following end-of-period spreadsheet for the yearended October 31, 2019. In addition, the data for year-endadjustments are as follows:

Fees earned, but not yet billed, $13.

Supplies on hand, $4.

Insurance premiums expired, $10.

Depreciation expense, $3.

Wages accrued, but not paid, $1.

Enter the adjustment data, and place the balances in theAdjusted Trial Balance columns. If a box does not require an entry,leave it blank.

AlertSecurity Services Co.
End-of-Period Spreadsheet (Work Sheet)
Forthe Year Ended October 31, 2019
Account Title	Unadjusted Trial Balance Debit	Unadjusted Trial Balance Credit	Adjustments Debit	Adjustments Credit	Adjusted Trial Balance Debit	Adjusted Trial Balance Credit
Cash	12
Accounts Receivable	90
Supplies	8
Prepaid Insurance	12
Land	190
Equipment	50
Accum. Depr.-Equipment		4
Accounts Payable		36
Wages Payable		0
Brenda Schultz, Capital		260
Brenda Schultz, Drawing	8
Fees Earned		200
Wages Expense	110
Rent Expense	12
Insurance Expense	0
Utilities Expense	6
Supplies Expense	0
Depreciation Expense	0
Miscellaneous Expense	2
Totals	500	500

Check My Work0 more Check My Work uses remaining.

Next