Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Sep 2017 My Price 7.00

Madison Company

The following data are taken from the unadjusted trial balance of the Madison Company at December 31, 2011. Each account carries a normal balance and the accounts are shown here in alphabetical order.

Accounts Payable

$ 2

Prepaid Insurance

$ 6

T. Madison,Withdrawals

$2

Accounts Receivable

4

Revenue

25

Unearned Revenue

4

Accumulated Depreciation—Equip

5

Salaries Expense

6

Utilities Expense

4

Cash

7

Supplies

8

 

 

Equipment

13

T. Madison, Capital

14

 

 

1. Use the data above to prepare a worksheet. Enter the accounts in proper order and enter their balances in the correct debit or credit column.

2. Use the following adjustment information to complete the worksheet.

a. Depreciation on equipment, $1

b. Accrued salaries, $2

c. The $4 of unearned revenue has been earned

d. Supplies available at December 31, 2011, $5

e. Expired insurance, $5

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Sep 2017 06:09 PM My Price 7.00

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