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The adjustments columns of the worksheet for Leonardo Company
The adjustments columns of the worksheet for Leonardo Company
The adjustments columns of the worksheet for Leonardo Company are shown below.
Adjustments
Account Titles Debit Credit
Accounts Receivable 800
Prepaid Advertising 600
Accumulated Depreciation 700
Salaries Payable 500
Service Revenue 800
Salaries Expense 500
Advertising Expense 600
Depreciation Expense 700
2,600 2,600
Instructions
(a) Prepare the adjusting entries.
(b) Assuming the adjusted trial balance amount for each account is normal, indicate the financial statement column to which each balance should be extended.
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31 Mar 2016
Answers (1)
The adjustments columns of the worksheet for Leonardo Company
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