Using the Following Information and the Trial Balance Accounts and Balances

question 38

Essay

Using the following information and the trial balance accounts and balances in the work sheet provided, complete the work sheet.
a. Expired insurance totals $8.
b. Of the unearned revenue, all has been earned by the balance sheet date.
c. Estimated depreciation of equipment is $6.
d. Accrued wages equal $6.
e. Unused supplies on hand are $4.

---

Definitions:

Employee Responsibility

The obligations and duties assigned to an employee by their employer, often related to job performance and ethical conduct.

Payroll Items

Components that make up an employee's pay and deductions, such as wages, salaries, benefits, taxes, and other withholdings.

Employer Responsibility

Refers to the legal and ethical obligations that employers have towards their employees, including ensuring a safe work environment, paying wages, and adhering to employment laws.

Employee Responsibility

Obligations and duties that an employee is expected to perform and adhere to in their professional role.