Ask Question
17 March, 14:26

Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018. Accounts Payable $ 595 Accounts Receivable 295 Accumulated Depreciation 895 Cash 295 Common Stock 195 Deferred Revenue 195 Depreciation Expense 295 Equipment 3,195 Income Tax Expense 295 Interest Revenue 95 Notes Payable (long-term) 195 Notes Payable (short-term) 495 Prepaid Rent 95 Rent Expense 395 Retained Earnings 1,495 Salaries and Wages Expense 2,195 Service Revenue 6,185 Supplies 495 Supplies Expense 195 Travel Expense 2,595 PA4-1 Part 1 Required: 1-a. Prepare an adjusted trial balance at September 30, 2018.

+2
Answers (1)
  1. 17 March, 16:21
    0
    1 Required: 1-a. Prepare an adjusted trial balance at September 30, 2018.

    Explanation:

    Starbooks

    Adjusted trial balance

    d Cash $ 295

    d Account receivable $ 295

    d Supplies $ 495

    d Equipment $ 3.195

    c Accumulate depreciation $ 895

    d Prepaid Rent $ 95

    c Account Payable $ 595

    c Notes Payable (short-term) $ 495

    c Deferred Revenue $ 195

    c Notes Payable (long-term) $ 195

    c Common Stock $ 195

    c Retained Earnings $ 1.495

    c Service Revenue $ 6.185

    c Interest Revenue $ 95

    d Salaries Expense $ 2.195

    d Depreciation Expense $ 295

    d Income Tax Expense $ 295

    d Rent Expense $ 395

    d Supplies Expense $ 195

    d Travel Expense $ 2.595

    Total $ 10.345 $ 10.345
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers