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The trial balance afyer one month of operation for Mason;s delivery Service as of September 30 ,20 is shown below. Data to complete the adjustments are as fellows:
(a) supplies inventory as of September 30, $90
(b) Insurance expired (used) $650
(c) Depreciation on delivery equipment $600
(d) Wages earned by employees but not paid as of September 30 $350
1. Enter the adjustments in the adjustments columds of hte work sheet and comeple the work sheet
Mason's Delivery Service
Work Sheet
For Month Ended September 30, 20--
Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 1,600
Accounts Receivable 940
Supplies 635
Prepaid Insurance 1,200
Delivery Equipment 6,400
Accum. Depr. - Delivery Equip.
Accounts Payable 1,220
Wages Payable
Jill Mason, Capital 8,000
Jill Mason, Drawing 1,400
Delivery Fees 6,200
Wages Expense 1,500
Advertising Expense 460
Rent Expense 800
Supplies Expense
Telephone Expense 165
Insurance Expense
Repair Expense 230
Oil and Gas Expense 90
Depr. Exp. - Delivery Equip.
15,420 15,420

Answer :

anthougo

Answer:

Mason's Delivery Service

Mason's Delivery Service

Worksheet

For Month Ended September 30, 20--

                    Trial Balance  Adjustments    Adjusted       Income    Balance

                                                                 Trial Balance Statement    Sheet

Account Title Debit Credit  Debit  Credit Debit Credit Debit Credit Dr. Cr.

Cash              1,600                                     1,600                             1,600

Accounts

Receivable     940                                        940                               940

Supplies          635                            545       90                                 90

Prepaid

Insurance    1,200                             650    550                               550

Delivery

Equipment 6,400                                     6,400                            6,400

Accum. Depr. - Delivery Equip.        600               600                             600

Accounts Payable   1,220                                    1,220                           1,220

Wages Payable                                 350              350                              350

Jill Mason, Capital 8,000                                   8,000                           8,000

Jill Mason,

Drawing    1,400                                       1,400                              1,400                        

Delivery Fees       6,200                                   6,200            6,200

Wages

Expense  1,500                       350          1,850              1,850

Advertising

Expense   460                                           460                460

Rent Exp.  800                                           800                800

Supplies Expense                   545            545                545

Telephone

Expense   165                                            165                165

Insurance

Expense                                650             650               650

Repair Exp 230                                          230               230

Oil and Gas

Expense     90                                            90                 90

Depr. Exp. - Delivery Equip. 600             600               600

Total     15,420  15,420      2,145 2,145 16,370 16,370 5,390 6,200 = 810

                                                                                                   10,980 10,989

Explanation:

a) Data and Calculations:

Adjustments:

a) Supplies expense $545 Supplies $545

(b) Insurance expense $650 Prepaid Insurance $650

(c) Depr. - Delivery Equip. $600 Accum. Depr. Delivery Equip. $600

(d) Wages expense $350 Wages Payable $350

         

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