2) Journal entries of the adjusting entries: | |||
date | Acc. Titles | Debit $ | Credit $ |
a | Unearned service revenue | 1700 | |
Service Revenue | 1700 | ||
(unearned service revenue now earned) | |||
b | Rent expense | 2000 | |
Prepaid rent | 2000 | ||
(rent expense booked) | |||
c | Supplies expense | 1000 | |
Supplies | 1000 | ||
(supplies exp. Recorded) | |||
d | Depreciation exp. | 400 | |
Acc Depreciation | 400 | ||
( depreciation expense recorded) | |||
e | Advertising expense | 600 | |
Accounts Payable | 600 | ||
(accrued advertising expense recorded) | |||
f | Salary expense | 500 | |
Salary payable | 500 | ||
(salary expense made payable) | |||
1 & 2) T-Accounts: | |||
DEBIT | AMOUNT $ | CREDIT | AMOUNT $ |
Cash a/c | |||
OB | 7100 | ||
Accounts receivable a/c | |||
OB | 19800 | ||
Prepaid rent a/c | |||
OB | 2400 | b | 2000 |
CB | 400 | ||
Supplies a/c | |||
OB | 1200 | c | 1000 |
CB | 200 | ||
Equipment a/c | |||
OB | 19700 | ||
Acc Dep. a/c | |||
CB | 4000 | OB | 3600 |
d | 400 | ||
Accounts payable a/c | |||
CB | 3900 | OB | 3300 |
e | 600 | ||
Salary payable a/c | |||
f | 500 | ||
Unearned service revenue a/c | |||
a | 1700 | OB | 2800 |
CB | 1100 | ||
Dinah Kiein, capital a/c | |||
OB | 40000 | ||
Dinah Kiein, withdrawals a/c | |||
OB | 9800 | ||
Service revenue a/c | |||
CB | 17300 | OB | 15600 |
a | 1700 | ||
Salary exp. a/c | |||
OB | 3800 | CB | 4300 |
f | 500 | ||
Rent exp. a/c | |||
b | 2000 | ||
Depreciation exp. a/c | |||
d | 400 | ||
Advertising exp. a/c | |||
OB | 1500 | CB | 2100 |
e | 600 | ||
Supplies exp. a/c | |||
c | 1000 | ||
P3-33A The trial balance of Dynaclean Air Purification Systems at November 30, 2007, and the data...
Suppb DYNACLEAN AIR PURUTCATION SYSTEMS THA Balance November 2007 Balance Account Title Debit Credit Casb 5 7100 Accounts receivable 19,800 Prepaid rent 2.400 Supplier 1,200 Equipment 19,700 Accumulated depreciation 5 3.600 Accounts payable 3.300 Salary payable Unearned service revenue 2,800 Dinah Klein, capital 40,000 Dinah Kiein, withdrawals 9,800 Service terene Salary expense 3.800 Rent expense Depreciation expense Advertising expense 1.500 Supplies expense Total 563.300 565,300 Adjustment data at November 30: a. Unearned service revenue still unearned, $1,100. b. Prepaid rent...
The unadjusted trial balance of Anniston Air Purification System at December 31, 2018, and the data needed for the adjustments follow. ANNISTON AIR PURIFICATION SYSTEM Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash 57,600 Accounts Receivable 19,700 Prepaid Rent 2,900 Office Supplies 1,800 Equipment 22,000 Accumulated Depreciation Equipment $ 3,900 Accounts Payable 2,900 Salaries Payable Unearned Revenue 3,100 Common Stock 43,800 Dividends 9,900 Service Revenue 15,300 Salaries Expense 3,300 Rent Expense Depreciation Expense-Equipment Advertising Expense 1,800...
1. Adjusting data of CAK Intermet at June 30, 2018: a. Unearned service revenues still unearned, $800. b. Prepaid rent still in force, $2,100. c. Supplies used during the month,$900. d. Depreciation for the month,$400. e. Accrued salary expense,$1,500. Requirements (1) Journalize adjusting journal entries. (5 Marks) (2) Completing the following worksheet. (5 Marks) (3) Prepare closing entries. (4 Marks) (4) Prepare income statement and balance sheet. (6 Marks) CAK INTERNET Worksheet June 30,2018 ADJUSTED TRIAL BALANCE DEBIT TRIAL BALANCE...
1. Adjusting data of CAK Intemet at June 30, 2018: a. Unearned service revenues still unearned, $800. b. Prepaid rent still in force, $2,100. c. Supplies used during the month $900. d. Depreciation for the month $400. e. Accrued salary expense, $1,500. Requirements (1) Journalize adjusting journal entries. (5 Marks) (2) Completing the following worksheet. (5 Marks) (3) Prepare closing entries. (4 Marks) (4) Prepare income statement and balance sheet. (6 Marks) CAK INTERNET Worksheet June 30,2018 TRIAL ADJUSTED TRIAL...
Similar to prehi . 4A-23 4A-7. The unadjusted trial balance of OLYMPIA Corporation as of November 30, 20x1, is shown on the next page. Data needed for the end-of-month adjustments is as follows: Adjustment information: a. Remaining prepaid rent on November 30 is $1,600. b. Supplies on hand at the end of the month were $200. c. Monthly depreciation was $800. d. Additional accrued salary expense at the end of the month was $6,000. e. $1,900 of commission revenue remained...
Trial Balance April 30, 2016 Account Debit Credit $27,500 40,400 3,000 1,400 68,800 Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Accounts paya Salaries payable Unearned service revenue Common stock Retained earnings Dividends Service revenue Salaries expense Insurance expense Depreciation expense, equipment Utilities expense Supplies expense Total $34,100 ble 3,100 2,700 50,000 50,600 9,500 13,900 3,800 $ 154,400 $ 154,400 More Info a. Insurance coverage stlremaining at April 30, $300 b. Supplies used during the month, $250 c....
Agnes Co. Unadjusted Trial Balance 6/30/20 Debit Credit Cash $10,000 Accounts Receivable $13,200 Supplies $2,400 Prepaid Insurance $1,500 Equipment $38,500 Accumulated Depreciation $8,300 Accounts Payable $2,500 Unearned Service Revenue $8,900 Common Stock $15,000 Retained Earnings $9,500 Service Revenue $35,000 Salary Expense $11,200 Utilities Expenses $2,400 $79,200 $79,200 Additional information (not reflected in the above): Supplies used during the month, $450. Prepaid insurance expired during the month, $300. Depreciation on equipment for the month, $500. Unearned service revenue earned during the...
The unadjusted trial balance of Princess Ltd. at October 31, 2017, appears below. The adjustment data at October 31, 2017, is provided. Adjustment data at October 31, 2017. A. Accrued service revenue at October 31, 2017, $2,300. B. Prepaid rent expired during the month. The unadjusted prepaid balance of $3,000 relates to the period October through December. C. Supplies used during October, $2,600. D. Depreciation on furniture for the month. The estimated useful life of the furniture is three years....
The adjusted trial balance of College Book Store as of November 30, 2016, after the firm's first month of operations, appears below. Appropriate adjustments have been made for the following items: a. Supplies used during the month, $4,300. b. Expired rent for the month, $5,500. c. Depreciation expense for the month, $2,150. Credit COLLEGE BOOK STORE Adjusted Trial Balance November 30, 2016 Account Name Debit 44,650 Cash Accounts Receivable 6,124 Supplies 6,200 33,000 Prepaid Rent 53.500 Equipment Accumulated Depreciation Equipment...
The trial balance for Pioneer Advertising is shown below. Pioneer Advertising Trial Balance October 31, 2017 Debit Credit Cash $ 15,200 2,500 600 5,000 $5,000 2,500 Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense 1,200 10,000 500 10,000 4,000 900 $28,700 $28,700 You are provided with the following adjustment data. 1. Supplies on hand at October 31 total $500. 2. Expired insurance for the month...