Question

Only two adjustments appear in the adjustments column of a worksheet for Wycliff Publications: one to record $760 depreciation of office equipment and the other to record the use of $520 of office supplies. If the Trial Balance column totals are $15,340, what are the totals of the Adjusted Trial Balance columns

Answer 1

$ 14060

Step-by-step explanation:

As the $760 depreciation of office equipment and the use of $520 of office supplies both are expenses both will be deducted from their respective assets accounts. Depreciation will be deducted from the office equipment account and supplies expense will be deducted from prepaid supplies . So the net effect would be a reduction in the total of the Trial Balance.

$15,340-$760-$520=$ 14060

The totals of the Adjusted Trial Balance columns would be $ 14060.