reproduce the data that would appear in the february worksheet and indicate the amou 643738
(Partial Worksheet Preparation) Letterman Co. prepares monthly financial statements from a worksheet. Selected portions of the January worksheet showed the following data.
Trial Balance |
Adjustments |
Adjusted Trial Balance |
||||
Debit |
Credit |
Debit |
Credit |
Debit |
Credit |
|
Account Title |
(a)1,500 |
|||||
Supplies |
3,256 |
(b)257 |
7,967 |
|||
Accumulated Depreciation—Equipment |
7,710 |
(c)50 |
150 |
|||
Interest Payable |
100 |
|||||
Supplies Expense |
(a)1,500 |
1,500 |
||||
Depreciation Expense |
(b)257 |
257 |
||||
Interest Expense |
(c)50 |
50 |
During February no events occurred that affected these accounts, but at the end of February the following information was available.
(a) Supplies on hand |
$515 |
(b) Monthly depreciation |
$257 |
(c) Accrued interest |
$ 50 |
Instructions
Reproduce the data that would appear in the February worksheet, and indicate the amounts that would be shown in the February income statement.