Chat with us, powered by LiveChat A.M. Vegas started a business called Blazinsevens. The following is the Trial Balance as of December 31 on the first year of operations. Using this information, please complete the re | Wridemy

21 Jul A.M. Vegas started a business called Blazinsevens. The following is the Trial Balance as of December 31 on the first year of operations. Using this information, please complete the re

Posted at 01:19h in Business & Finance / Accounting by

 A.M. Vegas started a business called Blazinsevens. The following is the Trial Balance as of December 31 on the first year of operations. Using this information, please complete the remainder of the attached worksheet.

  • Office supplies inventory as of December 31, $190.
  • Unexpired insurance as of December 31, $700
  • Depreciation of delivery equipment, $450.
  • Wages earned but not paid as of December 31, $225.

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Blazinsevens

Worksheet

For the month ended December 31, 20xx

 

Unadjusted

 

 

 

 

Adjusted

Income

Balance Sheet /

 

Trial Balance

Adjustments

Trial Balance

Statement

Owner's Equity

Account Titles

Debit

Credit

 

Debit

 

Credit

Debit

Credit

Debit

Credit

Debit

Credit

Cash

2090

 

 

 

 

 

 

 

 

Accounts Receivable

4100

 

 

 

 

 

 

 

Office Supplies

400

 

 

 

 

 

 

Prepaid Insurance

900

 

 

 

 

 

 

Delivery Equipment

8000

 

 

 

 

Accum. Depreciation

 

0

 

 

 

 

Accounts Payable

 

3575

 

 

 

Wages Payable

0

 

 

A.M.Vegas, Capital

7000

 

 

A.M.Vegas, Drawing

430

 

 

 

Service Revenue

 

6600

 

Wages Expense

900

 

Advertising Expense

175

 

Telephone Expense

180

 

Supplies Expense

0

 

 

Insurance Expense

0

 

 

Depreciation Expense

0

 

 

 

17175

17175

 

Net Income