Homework Help: Accounting

Posted by trinity on Sunday, April 18, 2010 at 6:06pm.

E4-1 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. I came up with 1.1580 supplies 2. 100 unearned revenue and 168 salaries payable is this correct?

Accounting - katrina, Monday, April 19, 2010 at 12:31am
How do I balance out the adjustments made by the extra information?

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