The Following Is the Adjusted Trial Balance for Tuttle Photography

question 153

Essay

The following is the adjusted trial balance for Tuttle Photography.
$\begin{array}{|l|r|r|}\hline\text { Account } &{\text { Debit }} &\text { Credit }\\\hline \text { Cash } & \$ 1,700 \\\hline \text { Accounts receivable } & 8,500 \\\hline \text { Supplies } & 100 \\\hline \text { Equipment } & 7,500 \\\hline \text { Accumulated } && \$ 2,000 \\\text { depreciation } & & \\\hline \text { Accounts payable } & & 1,200 \\\hline \text { Salary payable } & & 800 \\\hline \text { Unearned revenue } & & 600\\\hline \text { Capital } & & 3,400 \\\hline \text { Drawing } & 2,300 & \\\hline \text { Service revenue } & & 40,000 \\\hline \text { Salary expense } & 24,000 \\\hline \text { Supplies expense } & 2,300 \\\hline \text { Depreciation expense } & 1,600 \\\hline & \$ 48,000&\$48,000\\\hline\end{array}$ Using the information from the worksheet above,prepare the closing entry for Expenses.
$$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline \\\hline \\\hline\end{array}$$

---

Definitions:

Measures of Variability

Quantitative indicators that describe the spread or dispersion within a dataset, including range, variance, and standard deviation.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data.

Visual Representation

The use of images, diagrams, graphs, or other visual formats to present data or information for easier understanding.

Proportion

A statistical measure that refers to the fraction of the total number of outcomes in a particular category.