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Manning Delivery Service Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Account Title Debit Credit Cash...

Manning Delivery Service Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Account Title Debit Credit Cash 22,750 Accounts Receivable 1,200 Office Supplies 600 (d) 250 (d) 350 Prepaid Insurance 450 (c) 450 Truck 17,000 Acc. Dep.—Truck Accounts Payable 0 Salaries Payable Unearned Revenue 1,700 (e) 600 (e) 1100 Common Stock 34,000 Dividends 2,700 Service Revenue 12,500 (e) 12500 Salaries Expense 1,500 (a) 1500 Dep. Exp.—Truck (b) 1600 Insurance Expense Fuel Expense 200 200 Rent Expense 1,800 1800 Supplies Expense 48,200 48,200 1900 Net income or loss Choose from any list or enter any number in the input fields and then click Check Answer.

a.

 Accrued Salaries​ Expense,

$ 1,500.

b.

 Depreciation was recorded on the truck using the​ straight-line method. Assume a useful life of 5 years and a salvage value of $8,000.

c.

Prepaid Insurance for the month has expired $450.

d.

 Office supplies on​ hand,

$250.

e.

 Unearned Revenue earned during the​ month,

$600.

f.

 Accrued Service​ Revenue,

$850.

Manning Delivery Service

Worksheet

December 31, 2016

Unadjusted

Trial Balance

Adjustments

Account Title

Debit

Credit

Cash

22,750

Accounts Receivable

1,200

Office Supplies

600

Prepaid Insurance

450

Truck

17,000

Acc. Dep.—Truck

Accounts Payable

0

Salaries Payable

Unearned Revenue

1,700

Common Stock

34,000

Dividends

2,700

Service Revenue

12,500

Salaries Expense

1,500

(a)

1500

Dep. Exp.—Truck

(b)

1600

Insurance Expense

Fuel Expense

200

200

Rent Expense

1,800

1800

Supplies Expense

48,200

48,200

1900

Net income or loss

Choose from any list or enter any number in the input fields and then click Check Answer.

Solutions

Expert Solution

ekkarill92 answered 10 months ago
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