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Wages accrued or earned since the last payday, $810 (owed and to be paid on the next payday). Depreciation expense on repair equipment, $415. Depreciation expense on equipment, $1230. Ryan, Drawing 3000 Game Fees 10062 Concession Fees 4860 Wages Expense 1899 Rent Expense 1635 Utilities Expense 1129 Repair Expense 1089 Miscellaneous Expense 127 47654 47654 Data for month-end adjustments are as follows: Expired or used-up insurance, $824. Game Time Balance Sheet July 31, 20- Assets $ $ $ Total Assets $ Liabilities $ Total Liabilities $ Owner's Equity Total Liabilities and Owner's Equity $ The trial balance for Game Time on July 31 is as follows: Game Time Trial Balance July 31, 20- Account Name Debit Credit Cash 14213 Supplies 746 Prepaid Insurance 1598 Equipment 19638 Accumulated Depreciation, Equipment 4338 Repair Equipment 2580 Accumulated Depreciation, Repair Equipment 1175 Accounts Payable 2770 B. Game Time Statement of Owner's Equity For Month Ended July 31, 20- $ $ Subtotal $ $ Prepare a balance sheet. Assume that no additional investments were made during July. Game Time Income Statement For Month Ended July 31, 20- Revenue: $ Total Revenue $ Expenses: $ Total Expenses Net Income $ Prepare a statement of owner's equity. Journalize the adjustments in the order given in the question.
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Ryan, Drawing 10 11 Game Fees 11 12 Concession Fees 12 13 Wages Expense 13 14 Rent Expense 14 15 Utilities Expense 15 16 Repair Expense 16 17 Miscellaneous Expense 17 18 18 19 Insurance Expense 19 20 Depreciation Expense, Equipment 20 21 Depreciation Expense, Repair Equipment 21 22 Wages Payable 22 23 Supplies Expense 23 24 24 25 Net Income 25 26 26 27 27 28 28 2. Depr., Repair Equipment 7 8 Accounts Payable 8 9 B. Depr., Equipment 5 6 Repair Equipment 6 7 Accum. Game Time Work Sheet For Month Ended July 31, 20- TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT 1 Cash 1 2 Supplies 2 3 Prepaid Insurance 3 4 Equipment 4 5 Accum. Complete a work sheet for the month. If no amount is required, enter 0. Business Accounting Q&A Library The trial balance for Game Time on July 31 is as follows: Game Time Trial Balance July 31, 20- Account Name Debit Credit Cash 14213 Supplies 746 Prepaid Insurance 1598 Equipment 19638 Accumulated Depreciation, Equipment 4338 Repair Equipment 2580 Accumulated Depreciation, Repair Equipment 1175 Accounts Payable 2770 B.