Complete the worsheet one section at a time, beginning with the Adjustments columns.

For the Adjustments columns use the appropriate letters a. through d. as posting references.

For the Income Statement and Balance Sheet columns, remember to include the net income or loss after the totals and then total the columns again.

(If a box is not used in the worksheet, leave the box empty; do not enter a zero. Abbreviations used: Acc. = Acccumulated; Adj. = Adjusted; Depr. = Depreciation; Stmt. = Statement.)

Mullen Co.

Worksheet

For Year Ended December 31, 201X

Trial Balance

Adjustments

Account

Dr.

Cr.

Dr.

Cr.

Cash

7

Accounts Receivable

3

Merchandise Inventory

9

Store Supplies

7

Store Equipment

20

Acc. Depr., Store Equipment

8

Accounts Payable

7

J. Mullen, Capital

33

Sales

49

Sales Returns and Allowances

7

Cost of Goods Sold

18

Salaries Expense

9

Advertising Expense

17

Store Supplies Expense

Depr. Exp., Store Equip.

Accrued Salaries Payable

Totals

97

97

Net Income/Loss

Totals

Adj. Trial Balance

Dr.

Cr.

Income Stmt.

Dr.

Cr.

Balance Sheet

Dr.

Cr.

Transcribed Image Text:Prepare a worksheet from the following information: E (Click the icon to view the trial balance.) E (Click the icon to view the additional data.) Complete the worsheet one section at a time, beginning with the Adjustments columns. For the Adjustments columns use the appropriate letters a. through d. as posting references. For the Income Statement and Balance Sheet columns, remember to include the net income or loss after the totals and then total the columns again. (If a box is not used in the worksheet, leave the box empty;, do not enter a zero. Abbreviations used: Acc. = Acccumulated; Adj. = Adjusted; Depr. = Depreciation; Stmt. = Statement.) Mullen Co. Worksheet For Year Ended December 31, 201X 1 Trial balance Trial Balance Adjustments Income Stmt. Adi. Trial Balance Balance Sheet Account Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Dr. Cr. Mullen Co. Cash 7 A Additional data Accounts Receivable 3 Trial Balance Merchandise Inventory 9 December 31, 201X Store Supplies 7 Dr. Cr. Additional Data Store Equipment 20 Cash 7 a. Inventory physical count $ 11 Acc. Depr., Store Equipment 8|| Accounts Receivable 3 b. Store supplies on hand 4 Accounts Payable 7 Merchandise Inventory 9 c. Depreciation on store equipment d. Accrued salaries 2 J. Mullen, Capital 33 Store Supplies 7 Sales 49||| Store Equipment 20 Sales Returns and Allowances Accumulated Depreciation, Store Equipment 8 Print Done Cost of Goods Sold 18 Accounts Payable 7 Salaries Expense 9 J. Mullen, Capital 33 Advertising Expense 17 Sales 49 Store Supplies Expense Sales Returns and Allowances 7 Depr. Exp., Store Equip. Cost of Goods Sold 18 Accrued Salaries Payable Salaries Expense 9 97 97 Advertising Expense 17 Totals 97 97 Net Income/Loss Totals Totals Print Done

Question

Complete the worsheet one section at a​ time, beginning with the Adjustments columns.For the Adjustments columns use the appropriate letters a. through d. as posting references.For the Income Statement and Balance Sheet​ columns, remember to include the net income or loss after the totals and then total the columns again. ​(If a box is not used in the​ worksheet, leave the box​ empty; do​ not enter a zero. Abbreviations​ used: Acc.​ = Acccumulated; Adj.​ = Adjusted; Depr.​ = Depreciation; Stmt.​ = Statement.)  Mullen Co. Worksheet For Year Ended December 31, 201X  Trial BalanceAdjustments AccountDr.Cr. Dr. Cr. Cash7      Accounts Receivable3      Merchandise Inventory9      Store Supplies7      Store Equipment20      Acc. Depr., Store Equipment 8     Accounts Payable 7     J. Mullen, Capital 33     Sales 49     Sales Returns and Allowances7      Cost of Goods Sold18      Salaries Expense9      Advertising Expense17      Store Supplies Expense       Depr. Exp., Store Equip.       Accrued Salaries Payable       Totals9797     Net Income/Loss       Totals              Adj. Trial BalanceDr.Cr.                                                               Income Stmt.Dr.Cr.                                               Balance Sheet Dr.Cr. Prepare a worksheet from the following information:E (Click the icon to view the trial balance.)E (Click the icon to view the additional data.)Complete the worsheet one section at a time, beginning with the Adjustments columns. For the Adjustments columns use the appropriate letters a. through d. as posting references. For the Income Statement and Balance Sheet columns, remember to include the net income or loss after the totals and then total the columns again. (If a box is not used in theworksheet, leave the box empty;, do not enter a zero. Abbreviations used: Acc. = Acccumulated; Adj. = Adjusted; Depr. = Depreciation; Stmt. = Statement.)Mullen Co.WorksheetFor Year Ended December 31, 201X1 Trial balanceTrial BalanceAdjustmentsIncome Stmt.Adi. Trial BalanceBalance SheetAccountDr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Dr.Cr.Mullen Co.Cash7A Additional dataAccounts Receivable3Trial BalanceMerchandise Inventory9December 31, 201XStore Supplies7Dr.Cr.Additional DataStore Equipment20Cash7a. Inventory physical count$11Acc. Depr., Store Equipment8||Accounts Receivable3b. Store supplies on hand4Accounts Payable7Merchandise Inventory9c. Depreciation on store equipmentd. Accrued salaries2J. Mullen, Capital33Store Supplies7Sales49|||Store Equipment20Sales Returns and AllowancesAccumulated Depreciation, Store Equipment8PrintDoneCost of Goods Sold18Accounts Payable7Salaries Expense9J. Mullen, Capital33Advertising Expense17Sales49Store Supplies ExpenseSales Returns and Allowances7Depr. Exp., Store Equip.Cost of Goods Sold18Accrued Salaries PayableSalaries Expense99797Advertising Expense17Totals9797Net Income/LossTotalsTotalsPrintDone

Accepted Answer

Trial balance: It is worksheet which shows all the accounts an organization has like assets,…

Mullen Co.
	Worksheet
	For Year Ended December 31, 201X
		Trial Balance	Adjustments
	Account	Dr.	Cr.	Dr.	Cr.
	Cash	7
	Accounts Receivable	3
	Merchandise Inventory	9
	Store Supplies	7
	Store Equipment	20
	Acc. Depr., Store Equipment		8
	Accounts Payable		7
	J. Mullen, Capital		33
	Sales		49
	Sales Returns and Allowances	7
	Cost of Goods Sold	18
	Salaries Expense	9
	Advertising Expense	17
	Store Supplies Expense
	Depr. Exp., Store Equip.
	Accrued Salaries Payable
	Totals	97	97
	Net Income/Loss
	Totals