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Problem - The trial balance columns of the worksheet for Briscoe Company at June 30, 2008, are as follows.

BRISCOE COMPANY Worksheet For the Month Ended June 30, 2008

 

Trial Balance

Account Titles

DR.

CR.

Cash

$2,320

 

Accounts Receivable

2,440

 

Supplies

1,880

 

Accounts Payable

 

$1,120

Unearned Revenue

 

240

Common Stock

 

3,600

Service Revenue

 

2,400

Salaries Expense

560

 

Miscellaneous Expense

160

 

 

$7,360

$7,360

Other data:

1. A physical count reveals $300 of supplies on hand.

2. $100 of the unearned revenue is still unearned at month-end.

3. Accrued salaries are $280.

Instructions - Enter the trial balance on a worksheet and complete the worksheet.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92578166
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