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Problem Solving Survival Guide to accompany Financial Accounting, 8th Edition by Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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**EXERCISE 5-9

Purpose: (L.O. **7) This exercise will give you practice in completing a worksheet for a business engaged in merchandising activity.

The trial balance of the Heron Foliage Sales Company at December 31, 2014. has already been entered on the worksheet on the following page.

Adjustment data:

  1. A count of store supplies shows $300 worth to be on hand.
  2. A count of office supplies shows $100 worth to be on hand.
  3. Accrued salaries at year end amount to $150 for office salaries.
  4. Depreciation on the building amounts to $1,500 for the ye used to display the merchandise for purposes of making s used as office space.

Instructions

Complete the worksheet for the Heron Foliage Sales Company for the ended December 31, 2014.

HERON FOLIAGE SALES COMPANY

Worksheet

For the Year Ended December 31, 2014

images

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