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Exercise 1
Preparing a Worksheet
The unadjusted trial balance of Voice Link at November 30, 2016, follows:
Additional information at November 30, 2016:
Accrued service revenue, $600.
Depreciation, $300.
Accrued salaries expense, $600.
Prepaid rent expired, $900.
Office Supplies used, $500.
Instructions
Complete Voice Link’s worksheet for the month ended November 30, 2016.
How much was net income for November?
Exercise #2
Preparing a worksheet, closing entries, and a post-closing trial balance
San Antonio Veterinary Hospital completed the following worksheet as of December 31, 2016:
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