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The Account Balances Appearing on the Trial Balance Were Taken

Question 148

Essay

The account balances appearing on the trial balance were taken from the general ledger of Giovanni's Copy Shop at June 30. Additional information for the month of June which has not yet been recorded in the accounts is as follows:
a. A physical count of supplies indicates $600 on hand at June 30.
b. The amount of insurance that expired in the month of June was $400.
c. Depreciation on equipment for June was $800.
d. Rent owed on the copy shop for the month of June was $1,000 but will not be paid until July.
Instructions
Using the above information, complete the following work sheet for Giovanni's Copy Shop for the month of June.
The account balances appearing on the trial balance were taken from the general ledger of Giovanni's Copy Shop at June 30. Additional information for the month of June which has not yet been recorded in the accounts is as follows: a. A physical count of supplies indicates $600 on hand at June 30. b. The amount of insurance that expired in the month of June was $400. c. Depreciation on equipment for June was $800. d. Rent owed on the copy shop for the month of June was $1,000 but will not be paid until July. Instructions Using the above information, complete the following work sheet for Giovanni's Copy Shop for the month of June.

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