The following unadjusted trial balance is available for Ace Consulting Inc. on June 30, 2014: Required 1. Enter the unadjusted trial balance in the first two columns of a ten-column work sheet. 2....


The following unadjusted trial balance is available for Ace Consulting Inc. on June 30, 2014:


Required


1. Enter the unadjusted trial balance in the first two columns of a ten-column work sheet.


2. Enter the necessary adjustments in the appropriate columns of the work sheet for each of the following:


a. Wages and salaries earned by employees at the end of June but not yet paid amount to $2,380.


b. Supplies on hand at the end of June amount to $550.


c. Depreciation on furniture and fixtures for June is $375.


d. Ace prepays the rent on its office space on June 1 of each year. The rent amounts to $400 per month.


e. Consulting services rendered and billed for which cash has not yet been received amount to $4,600.


3. Complete the remaining columns of the work sheet.



May 04, 2022
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