$20.00 E4-1 The trial balance columns of the worksheet for Briscoe Company at June 30 follows. BRISCOE COMPANY Worksheet
Found in Business: AccountingChapter 1, # 0
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E4-1 The trial balance columns of the worksheet for Briscoe Company at June 30 follows.
BRISCOE COMPANY Worksheet
for the Month Ended June 30, 2008
Trial Balance
Account Titles Dr. Cr.
Cash $2,320
Accounts Receivable 2,440
Supplies 1,880
Accounts Payable $1,120
Unearned Revenue 240
Lenny Briscoe, Capital 3,600
Service Revenue 2,400
Salaries Expense 560
Miscellaneous Expense 160
$7,360 $7,360
Other data:
1. A physical count reveals $300 of supplies on hand.
2. $100 of the unearned revenue is still unearned at month-end.
3. Accrued salaries are $280
E4-2 The adjusted trial balance columns of the worksheet for Goode Company are as follows.
GOODE COMPANY
Worksheet (partial)
For the Month Ended April 30, 2008
Adjusted Trial Income Balance
Balance Statement Sheet
Account Titles Dr. Cr. Dr. Cr. Dr. Cr.
Cash $13,752
Accounts Receivable 7,840
Prepaid Rent 2,280
Equipment 23,050
Accumulated Depreciation $ 4,921
Notes Payable 5,700
Accounts Payable 5,672
Common Stock 25,000
Retained Earnings 5,960
Dividends 3,650
Service Revenue 15,590
Salaries Expense 10,840
Rent Expense 760
Depreciation Expense 671
Interest Expense 57
Interest Payable 57
Totals $ 62,900 $ 62,900
Instructions
Complete the worksheet.
E4-3 Worksheet data for Goode Company are presented in E4-2. No common stock was issued during April.
Instructions
Prepare an income statement, a retained earnings statement, and a classified balance sheet.<!--filtered-->
