41) The following accounts appear in the adjusted trial balance columns of a worksheet. State the column that each account balance is extended to, choosing from the following columns:
1) income statement debit
2) balance sheet debit
3) income statement credit
4) balance sheet credit
a) _________ service revenue
b) _________ unearned service revenue
c) _________ land
d) _________ rent expense
e) _________ supplies expense
f) _________ supplies
g) _________ accumulated amortization
h) _________ equipment
i) _________ owner’s capital
j) _________ owner’s withdrawals
42) Complete the following December 31, 2014 worksheet for Alcazar Services, using the following adjustments:
1. At year end $2,000 of work done for a client was unrecorded.
2. A count of supplies showed that there were $20 remaining.
3. Unrecorded amortization on the equipment amounted to $240.
4. Accrued salaries amounted to $180.
AdjustedIncome Balance
Trial BalanceAdjustments Trial Balance StatementSheet
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Cash
1,700
Accounts Receiv.
8,500
Supplies
100
Equipment
7,500
Accum. Amort.
2,000
Accounts Payable
1,200
Salary Payable
800
Unearned Revenue
600
Owner Capital
3,400
Owner Withdraw.
2,300
Service Revenue
40,000
Salary Expense
24,000
Supplies Expense
2,300
Amort. Expense
1,600
Total
48,000
48,000
Net income/(loss)
Total
43) Complete the following December 31, 2014 worksheet. for Alcazar Services:
AdjustedIncomeBalance
Trial BalanceAdjustmentsTrial BalanceStatementSheet
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Cash
1,700
1,700
Accounts Receiv.
8,500
2,000
10,500
Supplies
100
80
20
Equipment
7,500
7,500
Accum. Amort.
2,000
240
2,240
Accounts Payable
1,200
1,200
Salary Payable
800
180
980
Unearned Revenue
600
600
Owner Capital
3,400
3,400
Owner Withdraw.
2,300
2,300
Service Revenue
40,000
2,000
42,000
Salary Expense
24,000
180
24,180
Supplies Expense
2,300
80
2,380
Amort. Expense
1,600
240
1,840
Total
48,000
48,000
2,500
2,500
50,420
50,420
Net income/(loss)
Total
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more