Question

hi i need help filling out the journal for this. I have posted the blank journal as well

eBook October 31, 2019 CREDIT ACCOUNT TITLE DEBIT 7,420.00 Cash 38,115.00 7,050.00 ? Accounts Receivable 3 Prepaid Insurance 4 Supplies 1,630.00 114,550.00 150,250.00 5 Land 88,800.00 6 Building 7 Accumulated Depreciation-Building 133,200.00 96,605.00 $ Equipment 9 Accumulated Depreciation-Equipment 10 Accounts Payable 12,560.00 7,035.00 217,215.00 15,055.00 11 Uneamed Rent 12 Jan Pitman, Capital 13 Jan Pitman, Drawing 14 Fees Earned 15 Salaries and Wages Expense 327,900.00 194,870.00 42,345.00 16 Utilities Expense 22,335.00 1) Advertising Expense 18 Repairs Expense 19 Miscellaneous Expense 17,690.00 5,605.00 20 Totals 750,115.00 750,115.00 Check My Work All work saved.

Answer 1

1)

JOURNAL				ACCOUNTING EQUATION
Date	Account title	Debit	credit	Asset	Liabilities	Equity
a	Insurance expense	920				-920
	Prepaid insurance		920	-920
	[Insurance expired :7050-6130]
b	supplies expense	1015				-1015
	supplies		1015	-1015
	[Being supplies used 1630-615]
c	Depreciation expense -Building	7610				-7610
	Accumulated depreciation -building		7610	-7610
d	Depreciation expense -equipment	4300				-4300
	Accumulated depreciation -equipment		4300	-4300
e	Unearned rent	5545			-5545
	Rent revenue		5545			5545
	[being rent revenue earned 7035-1490]
f	salaries and wage expense	3040				-3040
	salaries and wage payable		3040		3040
g	Accounts receivable	10865		10865
	Fees earned		10865			10865

2)

ADJUSTED TRIAL BALANCE OCTOBER 31 2019
Account title	Debit	credit
cash	7420
Accounts receivable	48980
Prepaid insurance	6130
Supplies	615
Land	114550
Building	150250
Accumulated depreciation -building		96410
Equipment	133200
Accumulated depreciation-equipment		100905
Accounts payable		12560
salaries and wage payable		3040
Unearned rent		1490
Jan Pitman capital		217215
Jan Pitman,Drawings	15055
Fees earned		338765
Rent revenue		5545
Salaries and wage expense	197910
utilities expense	42345
Advertising expense	22335
Repairs expense	17690
Miscellaneous expense	5605
Insurance expense	920
Supplies expense	1015
Depreciation-building	7610
Depreciation-equipment	4300
Total	775930	775930