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  • Lenny Company Solved

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    Cereki
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    The Lenny Company worksheet summarizes the company's financial transactions for the month of June 2020. It shows adjustments made to the trial balance including an increase to accounts receivable of $600 and a decrease to supplies of $1610 in supplies expense. The income statement reflects $2775 in service revenue, $1200 in salaries expense, $550 in miscellaneous expenses, $1610 in supplies expense, and $20 in interest expense, resulting in a net loss of $605 for the month.

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    Lenny company solved

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    The Lenny Company worksheet summarizes the company's financial transactions for the month of June 2020. It shows adjustments made to the trial balance including an increase to accounts receivable of $600 and a decrease to supplies of $1610 in supplies expense. The income statement reflects $2775 in service revenue, $1200 in salaries expense, $550 in miscellaneous expenses, $1610 in supplies expense, and $20 in interest expense, resulting in a net loss of $605 for the month.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    14 views2 pages

    Lenny Company Solved

    Uploaded by

    Cereki
    The Lenny Company worksheet summarizes the company's financial transactions for the month of June 2020. It shows adjustments made to the trial balance including an increase to accounts receivable of $600 and a decrease to supplies of $1610 in supplies expense. The income statement reflects $2775 in service revenue, $1200 in salaries expense, $550 in miscellaneous expenses, $1610 in supplies expense, and $20 in interest expense, resulting in a net loss of $605 for the month.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    LENNY COMPANY

    Worksheet
    For the Month Ended June 30, 2020
    Account TitTrial Balance Adjustments Adj. Trial Balance Income Statement
    Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
    Cash 2200 2200
    Accounts R 2900 600 3500
    Supplies 2050 1610 440
    Accounts Payable 1300 1300
    Unearned Service Re 300 75 225
    Note Payable 2000 2000
    Owner’s Capital 3200 3200
    Service Revenue 2100 75 2775 2775
    600
    Salaries a 1200 1200 1200
    Miscellaneous Expense 550 550
    550          
    Totals 8900 8900
    Supplies Expense 1610 1610 1610
    Interest Expense 20 20 20
    Interest Payable           20           20                    
    Totals 2305 2305 9520 9520 3380 2775
    Net Loss           605
    Totals 3380 3380
    Balance Sheet
    Dr. Cr.
    2200
    3500
    440
    1300
    225
    2000
    3200

              20
    6140 6745
    605          
    6745 6745

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