The trial balance and information for year-end adjustments for Litton Company are as follows:
a.
Ending inventory of supplies is $800 at December 31, 20--.
b.
Unexpired insurance as of year-end is $600.
c.
Depreciation of equipment is $5,000.
d.
Wages earned but not paid as of year-end are $1,700.
Prepare the necessary year-end adjustments on a 10-column work sheet (identify each adjustment by letter), and complete the work sheet.

Question

The trial balance and information for year-end adjustments for Litton Company are as follows:  
a.
Ending inventory of supplies is $800 at December 31, 20--.
b.
Unexpired insurance as of year-end is $600.
c.
Depreciation of equipment is $5,000.
d.
Wages earned but not paid as of year-end are $1,700.
Prepare the necessary year-end adjustments on a 10-column work sheet (identify each adjustment by letter), and complete the work sheet.

Quizplus · Accepted Answer

The Answer of The trial balance and information for year-end adjustments for Litton Company are as follows:  
a.
Ending inventory of supplies is $800 at December 31, 20--.
b.
Unexpired insurance as of year-end is $600.
c.
Depreciation of equipment is $5,000.
d.
Wages earned but not paid as of year-end are $1,700.
Prepare the necessary year-end adjustments on a 10-column work sheet (identify each adjustment by letter), and complete the work sheet.

The Trial Balance and Information for Year-End Adjustments for Litton