Exercise 1
Exercise 1
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Preparing a Worksheet
The unadjusted trial balance of Voice Link at November 30, 2016, follows:
Additional information at November 30, 2016:
- Accrued service revenue, $600.
- Depreciation, $300.
- Accrued salaries expense, $600.
- Prepaid rent expired, $900.
- Office Supplies used, $500.
Instructions
- Complete Voice Link’s worksheet for the month ended November 30, 2016.
- How much was net income for November?
Exercise #2
Preparing a worksheet, closing entries, and a post-closing trial balance
San Antonio Veterinary Hospital completed the following worksheet as of December 31, 2016: