Question

only two adjustments appear in the adjustments column of a worksheet for Winona Mfg: one to record 8,000 depreciation of factory equipment, and the other to record the use of 1,500 of prepaid insurance. If the trial balance column totals are 145,380, what are the totals od the adjusted trial balance columns?

Answer 1

Final Answer:	153,380
Sample Trial balamce
	Unadjusted	Adjustments	Adjusted
Accounts Name	Debit Total	Credit Total	Debit Total	Credit Total	Debit Total	Credit Total
Depreciation Expense			8,000
Accumulated Depreciation			8,000
Insurance Expense			1,500
Prepaid Insurance			(1,500)
Total	145,380	145,380	8,000	8,000	153,380	153,380