Problem 18-8 Completing a Ten-Column Work Sheet



The Trial Balance for River’s Edge Canoe & Kayak, as of August 31, is listed below.




1.
Prepare a ten-column work sheet for River’s Edge Canoe & Kayak for the year ended August 31. The totals will be automatically calculated.



(a) The cost of the ending merchandise inventory is $45,669.
(b) The cost of the supplies on hand on August 31 is $619.
(c) The one-year insurance premium of $1,680 was paid on April 1.
(d) The total federal income taxes owed for the year are $2,635.