Chat with AI
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 12
Preparing a worksheet and the financial statements
The trial balance and adjustment data of Brooke's Motors, Inc., at September 30, 2012, follow:
Additional data at September 30, 2012:
a. Depreciation on equipment, $1,100.
b. Accrued wage expense, $500.
c. Supplies on hand, $700.
d. Prepaid insurance expired during September, $200
e. Unearned service revenue earned during September, $4,500.
f. Accrued service revenue, $900.
Requirements
1. Complete Brooke's worksheet for September. Key adjusting entries by letter.
2. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in account form for the month ended September 30, 2012.
The trial balance and adjustment data of Brooke's Motors, Inc., at September 30, 2012, follow:
Additional data at September 30, 2012:
a. Depreciation on equipment, $1,100.
b. Accrued wage expense, $500.
c. Supplies on hand, $700.
d. Prepaid insurance expired during September, $200
e. Unearned service revenue earned during September, $4,500.
f. Accrued service revenue, $900.
Requirements
1. Complete Brooke's worksheet for September. Key adjusting entries by letter.
2. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in account form for the month ended September 30, 2012.
Explanation
Verified
Verified
2. Prepare Income statement:
The income...
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
