Kirk Enterprises offers rug cleaning services to business clients. Below is the trial balance for Kirk Enterprises, which was prepared on the end-of-period spreadsheet for the year ended July 31.
REQUIRED: Enter the adjustment data in the work sheet for the transactions shown below and place the balances in the Adjusted Trial Balance columns.
a) Depreciation expense, $1,000
b) Wages accrued, but not paid, $2,000.
c) Supplies on hand, $8,000.
d) Of the unearned revenue, 75% has been earned.
e) Unexpired insurance at July 31, $9,000.

Question

Kirk Enterprises offers rug cleaning services to business clients. Below is the trial balance for Kirk Enterprises, which was prepared on the end-of-period spreadsheet for the year ended July 31.
​  REQUIRED: Enter the adjustment data in the work sheet for the transactions shown below and place the balances in the Adjusted Trial Balance columns.
a) Depreciation expense, $1,000
b) Wages accrued, but not paid, $2,000.
c) Supplies on hand, $8,000.
d) Of the unearned revenue, 75% has been earned.
e) Unexpired insurance at July 31, $9,000.

Quizplus · Accepted Answer

The Answer of Kirk Enterprises offers rug cleaning services to business clients. Below is the trial balance for Kirk Enterprises, which was prepared on the end-of-period spreadsheet for the year ended July 31.
​  REQUIRED: Enter the adjustment data in the work sheet for the transactions shown below and place the balances in the Adjusted Trial Balance columns.
a) Depreciation expense, $1,000
b) Wages accrued, but not paid, $2,000.
c) Supplies on hand, $8,000.
d) Of the unearned revenue, 75% has been earned.
e) Unexpired insurance at July 31, $9,000.

Kirk Enterprises Offers Rug Cleaning Services to Business Clients