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Question: Alpha Graphics Company was organized on
January 1, 2017. At the end of the rst 6 months of oper...

Alpha Graphics Company was organized on January 1, 2017. At the end of the rst 6 months of operations,
the trial balance contained the accounts shown below.
Show transcribed image text

Expert Answer

Anonymous
answered this

e 30

Date Accounts Titles and Explanations

Jun-30 Supplies
 Supplies Expense

(Balance supplies recognised as current assets)

Jun-30 Interest Expense

Interest Accrued

(interest on notes payble (19,200x5monthsx9%/12)

Jun-30 Prepaid insurance

Insurance Expense

(Insurance paid for a year will not be recognised fully expense, prepaid insurance=2700/12*

Jun-30 Service Revenue

Unearned Service Revenue

(recognised unearned service revenue)

Jun-30 Depreciation

Accumulated Depreciation

(recognised depreciation on equipment)

MPANY, SA

alance

Debit Credit

€        8,582.00

€     14,360.00

€     44,944.00

€           900.00

€        1,800.00

xpense €     29,586.00

€           825.00
 €        2,865.00

€        1,752.00

€        1,573.00

€        1,733.00

€           720.00

€        2,420.00

ation €        2,420.00

enue €        1,344.00

€           720.00

€     19,200.00

€        9,110.00

y €     22,007.00

€     57,259.00

€ 1,12,060.00 € 1,12,060.00

MPANY, SA

ment

€            57,259.00

€       900.00

xpense € 29,586.00

€    2,865.00

€    1,752.00

€    1,573.00

€    1,733.00

€       720.00

€    2,420.00

€            41,549.00

€            15,710.00

MPANY, SA
 tatement

€    15,710.00

OMPANY, SA

al Position

€                     8,582.00

€                   14,360.00

€                     1,800.00

€                         825.00

€         25,567.00

€                   44,944.00

ts €         44,944.00

€         70,511.00

ilities

y €                   22,007.00

€                   15,710.00

nd €         37,717.00

ation €                     2,420.00

enue €                     1,344.00

€                         720.00

€                   19,200.00

€                     9,110.00

€         32,794.00

€         70,511.00

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