An insurance policy examination showed 1240 of expired insurance b An inventory

An insurance policy examination showed 1240 of

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was prepared. four days this week for which she has not been paid. h. Three months' property taxes, totaling $450, have accrued. This additional amount of property taxes expense has not been recorded i. One month's interest on the note payable, $600, has accrued but is unrecorded. 36.How much is the total revenues in the adjusted trial balance? 37.How much would be debited to wages expenses as part of the adjustments? 38.How much is the net carrying amount of shop equipment in the adjusted trial balance? 39.How much is the total debit to depreciation expense in the adjusting entries? Answers: 36. 2680037.20038. 274039. 2570Here are the entries:
You should be able to arrive at this adjusted trial balance Umbridge Beauty Salon Adjusted Trial Balance December 31 Cash 4,200 Rent receivable 200 Prepaid insurance 240 Shop supplies 210 Shop equipment 3,860 Accu Dep-Shop equipment 1,120 Building 57,500 Accu Dep-Building 6,060 Land 55,000 Wages payable 200 Property taxes payable 450 Interest payable 600 Unearned rent 800 Long-term notes payable 50,000 Share capital 49,860 Rent earned 3,400 Fees earned 23,400 Wages expense 3,400 Utilities expense 690 Property taxes expense 1,050 Insurance expense 1,240 Shop supplies expense 780 Depreciation expense-Shop equipment 350 Depreciation expense-Building 2,220 Interest expense 4,950 Totals 135,890 135,890 40.The following items appeared on Snape Co.’s December 31 work sheet for the current period. Based on the following information, what is the net profit/loss in the adjusted trial balance for the current period? (Indicate if profit or loss. Sample Format: 500 profit)
Answer: 1855 profitFees Earned (5,850 + 375 + 300) 6,525 Rent Expense (1,500) Salaries Expense (2,100 + 315) (2,415) Insurance Expense (150) Utilities Expense (345) Supplies Expense (70) Depreciation Expense, Equipment (190) Net Profit 1,855

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