Sawyer Tax Service Trial Balance December 31, 19xx $ $ Cash 1,628 Accounts Receivable 986...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Sawyer Tax Service Trial Balance December 31, 19xx $ $ Cash 1,628 Accounts Receivable 986 Prepaid Insurance 240 Office Supplies 782 Office Equipment 4,100 Accumulated Depreciation, Office Equipment 210 Copier 2,800 Accumulated Depreciation, Copier 360 Accounts Payable 635 Unearned Tax Fees 219 Dorothy, Sawyer, Capital 5,394 Dorothy, Sawyer, Withdrawals 6,000 Fees Revenue 21,286 Offices Salaries Expense 8,300 Advertising Expense 650 Rent Expense 2,400 Telephone Expense 218 28,104 28,104 Dorothy Sawyer made no investments in her business during the year. The following information was also available: a. Supplies on hand, December 31, 19xx, were $212. b. Insurance still unexpired amounted to $120 c. Estimated depreciation of office equipment was $210. d. Estimated depreciation of copier was $360. e. The telephone expense for December is $19. This bill has been received but not recorded. f. The services for all unearned tax fees had been performed by the end of the year. Required 1. Open T accounts for the accounts of the trial balance plus the following: insurance Expense; Office Supplies Expense; Depreciation Expense, Office Equipment; Depreciation Expense, Copier. Record the balances as shown in the trial balance.
Sawyer Tax Service
Trial Balance
December 31, 19xx
$ $
Cash 1,628
Accounts Receivable 986
Prepaid Insurance 240
Office Supplies 782
Office Equipment 4,100
Accumulated Depreciation, Office Equipment 210
Copier 2,800
Accumulated Depreciation, Copier 360
Accounts Payable 635
Unearned Tax Fees 219
Dorothy, Sawyer, Capital 5,394
Dorothy, Sawyer, Withdrawals 6,000
Fees Revenue 21,286
Offices Salaries Expense 8,300
Advertising Expense 650
Rent Expense 2,400
Telephone Expense 218
28,104 28,104
Dorothy Sawyer made no investments in her business during the year. The following information was
also available:
a. Supplies on hand, December 31, 19xx, were $212.
b. Insurance still unexpired amounted to $120
c. Estimated depreciation of office equipment was $210.
d. Estimated depreciation of copier was $360.
e. The telephone expense for December is $19. This bill has been received but not recorded.
f. The services for all unearned tax fees had been performed by the end of the year.
Required
1. Open T accounts for the accounts of the trial balance plus the following: insurance Expense;
Office Supplies Expense; Depreciation Expense, Office Equipment; Depreciation Expense, Copier.
Record the balances as shown in the trial balance.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.