XACC 280 Week 4 APPENDIX E E4-1 Biscoe Company

Complete E4-1 on pp. 176–177 of Financial Accounting

XACC 280 Week 4 APPENDIX E - E4-1The trial balance columns of the worksheet for Briscoe Company at June 30, 2008, are as follows:

 

Financial Accounting Concepts and Principles: Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2008). Financial Accounting (6th ed.). Hoboken, NJ: Wiley.

Axia College of University of Phoenix (UoP)

 

XACC 280 Week 4 APPENDIX E E4-1 Biscoe Company

 

2. Assignment: Preparing a Financial Statement Worksheet

Complete E4-1 on pp. 176–177 of Financial Accounting.

Use the template in Appendix E to complete the 10-column worksheet.

Post the completed worksheet as an attachment.

 

E4-1 The trial balance columns of the worksheet for Briscoe Company at June 30, 2008, are as follows:

 

BRISCOE COMPANY

Worksheet

For the Month Ended June 30, 2008

Trial Balance

Account Titles Dr. Cr. Cash $2,320 Accounts Receivable 2,440 Supplies 1,880 Accounts Payable $1,120 Unearned Revenue 240 Common Stock 3,600 Service Revenue 2,400 Salaries Expense 560 Miscellaneous Expense 160 $7,360 $7,360

 

Other data:

1. A physical count reveals $300 of supplies on hand.

2. $100 of the unearned revenue is still unearned at month-end.

3. Accrued salaries are $280.

 

Instructions

Enter the trial balance on a worksheet and complete the worksheet.