WORKSHEET
Transcript: WORKSHEET TIME FOR EXERCISE WORKSHEET PROCEDURE INSERTING TRIAL BALANCE DATA ADJUSTEMENTS Yazici debits an additional account, Supplies Expense, ₺1,500 for the cost of supplies used, and credits Supplies ₺1,500. Yazici debits an additional account, Insurance Expense, ₺50 for the insurance that has expired, and credits Prepaid Insurance ₺50. The company needs two additional depreciation accounts. It debits Depreciation Expense ₺40 for the month’s depreciation, and credits Accumulated Depreciation—Equipment ₺40. Yazici debits Unearned Service Revenue ₺400 for services performed, and credits Service Revenue ₺400. Yazici debits an additional account, Accounts Receivable, ₺200 for services performed but not billed, and credits Service Revenue ₺200. The company needs two additional accounts relating to interest. It debits Interest Expense ₺50 for accrued interest, and credits Interest Payable ₺50. Yazici debits Salaries and Wages Expense ₺1,200 for accrued salaries, and credits an additional account, Salaries and Wages Payable, ₺1,200. ADJUSTING ENTRIES AND DATA INPUT ADJUSTED TRIAL BALANCE Task 5 INPUT SOFP AND INCOME STATEMENT DATA MAKE INCOME STATEMENT MAKE RE STATEMENT MAKE SOFP
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