thanks for the help Exercise 41 The trial balance columns of

thanks for the help!

Exercise 4-1 The trial balance columns of the worksheet for Nanduri Company at June 30, 2017, are as follows NANDURI COMPANY Worksheet For the Month Ended June 30, 2017 Trial Balance Account Titles Dr 2,360 2,660 1,800 Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Miscellaneous Expense 1,100 420 2,960 3,100 500 260 7,580 7,580 Other data: 1. A physical count reveals $500 of supplies on hand 2. $150 of the unearned revenue is still unearned at month-end 3. Accrued salaries are $150 Complete the worksheet.

Solution

SOLUTION

Particulars	Trial balance	Trial balance	Adjustments	Adjustments	Adjusted trial balance	Adjusted trial balance	Income statement	Income statement	Balance sheet	Balance sheet
	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
Cash	2,360				2,360				2,360
Accounts receivable	2,660				2,660				2,660
Supplies	1,800			1,300	500				500
Accounts payable		1,100				1,100				1,100
Unearned service revenues		420	270			150				150
Common stock		2,960				2,960				2,960
Service revenue		3,100		270		3,370		3,370
Salaries and wages expenses	500		150		650		650
Miscellaneous expense	260				260		260
Totals	7,580	7,580
Supplies expense			1,300		1,300		1,300
Salaries and wages payable				150		150				150
Totals			1,720	1,720	7,730	7,730	2,210	3,370	5,520	4,360
Net Loss							1,160			1,160
Totals							3,370	3,370	5,520	5,520