The trial balance columns of the worksheet for Lenny Company at June 30, 2019, are as follows. Lenny Company Worksheet June 30, 2019 Adjusted Trial Balance Income Statement Trial Balance Adjustments DR Balance Sheet Account Title Cash DR CR CR DR CR DR CR DR CR 2,200 Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Notes Payable Common Stock Service Revenue Rent Expense Supplies Expense Wage Expense Interest Expense 2,900 2,050 1,300 300 2,000 3,200 2,100 550 1,200 Total Net Income Total
The trial balance columns of the worksheet for Lenny Company at June 30, 2019, are as follows. Lenny Company Worksheet June 30, 2019 Adjusted Trial Balance Income Statement Trial Balance Adjustments DR Balance Sheet Account Title Cash DR CR CR DR CR DR CR DR CR 2,200 Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Notes Payable Common Stock Service Revenue Rent Expense Supplies Expense Wage Expense Interest Expense 2,900 2,050 1,300 300 2,000 3,200 2,100 550 1,200 Total Net Income Total
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter7: Operating Assets
Section: Chapter Questions
Problem 68BPSB
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Question
Instructions:
Complete the worksheet using the Other Data list below.
Other data:
1. A physical count reveals $440 of supplies on hand.
2. The unearned revenue was collected on June 1 and will be earned over the 4 months starting June 1
3. The 6-month note payable was signed June 1 and bears an annual interest rate of 12%.
4. Lenny has recognized $600 of revenue on account (which has not yet been recorded)
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