The December 31 2014 unadjusted trial balance for Tucker

Photographers #4336
The December 31, 2014, unadjusted trial balance for Tucker Photographers after the first month
of operations is shown below:
Required
1. Enter the unadjusted trial balance onto a work sheet.
2. Using the following additional information, enter the adjustments into the work sheet.
a. It was determined that $2,000 of the balance in the Prepaid Equipment Rental account had
been used during December.
b. Depreciation on the automobile for the month of December was $610.
c. Accrued utilities expense of $940 was unrecorded at December 31.
d. $460 of the Unearned Fees account had been earned by December A1.
3. Complete the work sheet.
4. Calculate the balance in the capital account as it would appear on the December 31, 2014,
balance sheet.
Analysis Component:
What effect does a net income have on the balance sheet?View Solution:
The December 31 2014 unadjusted trial balance for Tucker Photographers

ANSWER
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