Question

g- Instructions 1. Journalize the adjusting entries using the following a aceuulI and Depreciation Expense-Equipment; and Supplies Expense. 2 Determine the balances of the accounts affected by the adjusting entries, and prepa 2. Determine ees Pable; Rent Revenue; Insurance Expense; Depreciation Expense--Build an adjusted trial balance 0BJ.2,3 PR 3-6A Adjusting entries and errors At the end of April, the first m from the financial statements of Shelby Crawford, an attorney: ected net 137,750 onth of operations, the following selected data were taken Net income for April Total assets at April 30 Total liabilities at April 30 Total owner's equity at April 30 $120,000 750,000 300,000 450,000 In preparing the financial statements, adjustments for the following data were overlooked a. Supplies used during April, $2,750 b. Unbilled fees earned at April 30, $23,700. c. Depreciation of equipment for April, $1,800. d. Accrued wages at April 30, $1,400.

Answer 1

Pegui ement -1 OATE Supplies ExPemse27S To suppies 30-AP3 27St Accoumts Releivabes To Fees Earee 23 700 e precation Exfemse Accumidatel vepseciabon $1800 Egupmemt wages EX Pemse wages fryabe

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