Problem - The trial balance columns of the worksheet for Briscoe Company at June 30, 2008, are as follows.
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BRISCOE COMPANY Worksheet For the Month Ended June 30, 2008
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Trial Balance
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Account Titles
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DR.
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CR.
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Cash
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$2,320
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Accounts Receivable
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2,440
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Supplies
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1,880
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Accounts Payable
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$1,120
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Unearned Revenue
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240
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Common Stock
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3,600
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Service Revenue
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2,400
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Salaries Expense
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560
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Miscellaneous Expense
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160
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$7,360
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$7,360
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Other data:
1. A physical count reveals $300 of supplies on hand.
2. $100 of the unearned revenue is still unearned at month-end.
3. Accrued salaries are $280.
Instructions - Enter the trial balance on a worksheet and complete the worksheet.