Clarity Services Co which specializes in appliance repair

services is #1689
Clarity Services Co., which specializes in appliance repair services, is owned and operated by
Cindy Latty. Clarity Services Co.’s accounting clerk prepared the unadjusted trial balance at
December 31, 2015, shown below.The data needed to determine year-end adjustments are as
follows:a. Depreciation of building for the year, $2,100.b. Depreciation of equipment for the
year, $3,000.c. Accrued salaries and wages at December 31, $800.d. Unexpired insurance at
December 31, $1,500.e. Fees earned but unbilled on December 31, $2,150.f. Supplies on hand
at December 31, $600.g. Rent unearned at December 31, $1,500.Instructions1. Journalize the
adjusting entries. Add additional accounts as needed.2. Determine the balances of the accounts
affected by the adjusting entries and prepare an adjusted trial balance.3. Prepare an income
statement, statement of owner’s equity, and balance sheet, assuming no new investment by
Cindy.View Solution:
Clarity Services Co which specializes in appliance repair services is

ANSWER
http://paperinstant.com/downloads/clarity-services-co-which-specializes-in-appliance-repair-
services-is/

1/1
Powered by TCPDF (www.tcpdf.org)