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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339 Exercise 8
Preparing a worksheet and using it to calculate net income
The trial balance of Telegraphic Link, Inc., at November 30, follows:
Additional information at November 30, 2012:
a. Accrued service revenue, $600.
b. Depreciation, $300.
c. Accrued salary expense, $800.
d. Prepaid rent expired, $500.
e. Supplies used, $100.
Requirements
1. Complete Telegraphic Link's worksheet for the month ended November 30, 2012.
2. How much was net income for November
The trial balance of Telegraphic Link, Inc., at November 30, follows:
Additional information at November 30, 2012:
a. Accrued service revenue, $600.
b. Depreciation, $300.
c. Accrued salary expense, $800.
d. Prepaid rent expired, $500.
e. Supplies used, $100.
Requirements
1. Complete Telegraphic Link's worksheet for the month ended November 30, 2012.
2. How much was net income for November
Explanation
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2. Computation of net income f...
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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