Given the Following Worksheet with the Trial Balance Already Entered

question 112

Essay

Given the following worksheet with the trial balance already entered, and the related adjustment information, complete the worksheet. Additional information:
a)Prepaid rent expired, $3
b)Amortization on furniture, $2
c)Unearned sales revenue earned during the period, $4
d)Accrued salaries, $5
e)Physical count of ending inventory, $33

---

Definitions:

Operating Activities

Generally speaking, activities that affect current assets, current liabilities, or net income.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments not considered cash equivalents.

Cash Flow

The total amount of money being transferred into and out of a business, representing the operational, investing, and financing activities over a period.

Long-term Debt

Financial obligations or loans that are due for repayment beyond a period of one year.