The Unadjusted Trial Balance of Jackson's Web Services at December

question 103

Essay

The unadjusted trial balance of Jackson's Web Services at December 31, 2014 follows below.
Additional data regarding the accounts:
1. Actual supplies on hand are $750.
2. Depreciation expense for 2014 has not yet been recorded, but has been calculated as $1,600.
3. Amounts recorded as Unearned Revenue are for services that were provided in December. No additional work needs to be done for these customers.
4. Salaries expense of $1,000 for the last week of December has not been paid yet, and should be recorded as an Account Payable.
Instructions
a. Complete the worksheet for the month of December, 2014.
b. Calculate Profit for the year.
c. Calculate the balance in E. Jackson, Capital at December 31, 2014 after closing entries are made.

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Definitions:

Ethnic/Racial Minority Groups

Demographic groups that are smaller in number within a larger community and often differ in cultural, racial, or ethnic heritage from the majority.

Sexuality-Sensitive Therapies

Therapeutic approaches that consider and integrate the sexual orientation, experiences, and needs of individuals.

Reparative Therapy

A controversial and widely discredited practice aimed at changing an individual's sexual orientation or gender identity; also known as conversion therapy.

Sexual Conversion Therapy

A controversial and largely discredited practice aimed at changing an individual's sexual orientation from homosexual or bisexual to heterosexual.