Homework Answers
Adjusting entries are the entries made for adjusting the revenue and expenses for the period in which they are incurred. It is done at the end of the accounting period after preparing the unadjusted trail balance.
| Date | Account Title | Debit | Credit |
| Dec 31 | Supplies Expense [$1385-$435] | $950 | |
| Supplies | $950 | ||
| (To record supplies expense) |
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On December 31, the balance in the office supplies account is $1,385. A physical count shows...
Adjusting Entry for Supplies The balance in the supplies account, before adjustment at the end of...
Adjusting Entry for Supplies The balance in the supplies account, before adjustment at the end of the year, is $9,000. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $1,575. If an amount box does not require an entry, leave it blank. Determining Supplies Purchased The supplies and supplies expense accounts at December 31, after adjusting entries have been posted at the end of the first year of operations, are...
Wow Advertising Company's trial balance at December 31 shows Supplies £6,380 and Supplies Expense £0. On...
Wow Advertising Company's trial balance at December 31 shows Supplies £6,380 and Supplies Expense £0. On December 31, there are E2,839 of supplies on hand. Prepare the adjusting entry at December 31 and, using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Tities and Explanation Dec. 31 Supplies Supplies Expense
Depreciation on an office building is $8,900. The adjusting entry on December 31 would be: (if...
Depreciation on an office building is $8,900. The adjusting entry on December 31 would be: (if an amount box does not require an entry, leave it blank.) Dec. 31
The supplies account had a beginning balance of $1,504. Supplies purchased during the period totaled $3,934....
The supplies account had a beginning balance of $1,504. Supplies purchased during the period totaled $3,934. At the end of the period before adjustment, $529 of supplies were on hand. Prepare the adjusting entry for supplies. If an amount box does not require an entry, leave it blank.
Sandhill Co's trial balance at December 31 shows Supplies $8,790 and Supplies Expense $0.On December 31,...
Sandhill Co's trial balance at December 31 shows Supplies $8,790 and Supplies Expense $0.On December 31, there are $2,110 of supplies on hand. Prepare the adjusting entry at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Supplies Expense 6,680 Supplies 6,680 Using T-accounts, enter the...
Brief Exercise 3-03 Bramble Corp's trial balance at December 31 shows Supplies $7,900 and Supplies Expense...
Brief Exercise 3-03 Bramble Corp's trial balance at December 31 shows Supplies $7,900 and Supplies Expense $0. On December 31, there are $2,800 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually.) Date Account Titles Debit Credit Dec. 31 Supplies . ....
Ritter Advertising Company’s trial balance at December 31 shows Supplies $7,500 and Supplies Expense $0. On...
Ritter Advertising Company’s trial balance at December 31 shows
Supplies $7,500 and Supplies Expense $0. On December 31, there are
$2,900 of supplies on hand.
Prepare the adjusting entry at December 31, and using T-accounts,
enter the balances in the accounts, post the adjusting entry, and
indicate the adjusted balance in each account.
At the end of its first year, the trial balance of Nygaard
Company shows Equipment $30,200 and zero balances in Accumulated
Depreciation—Equipment and Depreciation Expense. Depreciation for...
Wildhorse Co.'s trial balance at December 31 shows Supplies $6,900 and Supplies Expense $0. On December...
Wildhorse Co.'s trial balance at December 31 shows Supplies $6,900 and Supplies Expense $0. On December 31, there are $2,500 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balan the amount is entered. Do not indent manually.) Account Titles Debit Credit Date Dec. 31 Supplies 4400C 14400 | Supplies Expense Supplies 4400 4400 Supplies Expense 12/31 12/31 Bal. 4 T...
Depreciation on an office building is $12,600. The adjusting entry on December 31 would be: (If...
Depreciation on an office building is $12,600. The adjusting entry on December 31 would be: (If an amount box does not require an entry, leave it blank.) Dec. 31 Accounts Payable Accumulated Depreciation Office Building Cash Depreciation Expense Office Building
Brief Exercise 3-03 Blue Spruce Corp.'s trial balance at December 31 shows Supplies 57,400 and Supplies...
Brief Exercise 3-03 Blue Spruce Corp.'s trial balance at December 31 shows Supplies 57,400 and Supplies Expense $0 On December 31, there are $3,500 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles Debit Credit Dec. 31 Supplies Supplies...
Adjusting Entry for Supplies The balance in the supplies account, before adjustment at the end of the year, is $9,000. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $1,575. If an amount box does not require an entry, leave it blank. Determining Supplies Purchased The supplies and supplies expense accounts at December 31, after adjusting entries have been posted at the end of the first year of operations, are...
Wow Advertising Company's trial balance at December 31 shows Supplies £6,380 and Supplies Expense £0. On December 31, there are E2,839 of supplies on hand. Prepare the adjusting entry at December 31 and, using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Tities and Explanation Dec. 31 Supplies Supplies Expense
Depreciation on an office building is $8,900. The adjusting entry on December 31 would be: (if an amount box does not require an entry, leave it blank.) Dec. 31
The supplies account had a beginning balance of $1,504. Supplies purchased during the period totaled $3,934. At the end of the period before adjustment, $529 of supplies were on hand. Prepare the adjusting entry for supplies. If an amount box does not require an entry, leave it blank.
Sandhill Co's trial balance at December 31 shows Supplies $8,790 and Supplies Expense $0.On December 31, there are $2,110 of supplies on hand. Prepare the adjusting entry at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Supplies Expense 6,680 Supplies 6,680 Using T-accounts, enter the...
Brief Exercise 3-03 Bramble Corp's trial balance at December 31 shows Supplies $7,900 and Supplies Expense $0. On December 31, there are $2,800 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually.) Date Account Titles Debit Credit Dec. 31 Supplies . ....
Ritter Advertising Company’s trial balance at December 31 shows
Supplies $7,500 and Supplies Expense $0. On December 31, there are
$2,900 of supplies on hand.
Prepare the adjusting entry at December 31, and using T-accounts,
enter the balances in the accounts, post the adjusting entry, and
indicate the adjusted balance in each account.
At the end of its first year, the trial balance of Nygaard
Company shows Equipment $30,200 and zero balances in Accumulated
Depreciation—Equipment and Depreciation Expense. Depreciation for...
Wildhorse Co.'s trial balance at December 31 shows Supplies $6,900 and Supplies Expense $0. On December 31, there are $2,500 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balan the amount is entered. Do not indent manually.) Account Titles Debit Credit Date Dec. 31 Supplies 4400C 14400 | Supplies Expense Supplies 4400 4400 Supplies Expense 12/31 12/31 Bal. 4 T...
Depreciation on an office building is $12,600. The adjusting entry on December 31 would be: (If an amount box does not require an entry, leave it blank.) Dec. 31 Accounts Payable Accumulated Depreciation Office Building Cash Depreciation Expense Office Building
Brief Exercise 3-03 Blue Spruce Corp.'s trial balance at December 31 shows Supplies 57,400 and Supplies Expense $0 On December 31, there are $3,500 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles Debit Credit Dec. 31 Supplies Supplies...
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