Question

Adjusting Entries from Trial Balances The unadjusted and adjusted trial balances for American Leaf Company on October 31, 2019, follow: American Leaf Company Trial Balance October 31, 2019 Unadjusted Adjusted Debit Balances Credit Balances Debit Balances Credit Balances Cash 241 241 Accounts Receivable 574 637 Supplies 181 136 Prepaid Insurance 289 173 Land 395 395 Equipment 608 608 Accumulated Depreciation- Equipment 122 199 Accounts Payable 393 393 Wages Payable 17 Les Huff, Capital 1,386 1,386 Les Huff, Drawing 125 125 Fees Earned 1,115 1,178 Wages Expense 362 379 Rent Expense 121 121 Insurance Expense 116

Answer 1

1	Accounts receivable	63
	Fees earned	63
2	Supplies exp	45
	Supplies	45
3	Insurance exp	116
	Prepaid exp	116
4	Depreciation exp	77
	Accumulated depreciation- Equipment	77
5	Wages exp	17
	Wages payable	17

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