Question

Please if you can help me to fill out this table

T-Accounts, Adjusting Entries, Financial Statements, and closing Entries; optional end-of-period spreadsheet The unadjusted trial balance of La Mesa Laundry at August 31, 2018, the end of the fiscal year, follows: La Mesa Laundry Unadjusted Trial Balance August 31, 2018 Debit Balances Credit Balances Cash 3,800 9,000 6,000 I 180,800 49,200 7,800 15,000 Laundry Supplies Prepaid Insurance Laundry Equipment Accumulated Depreciation < Accounts Payable Common Stock Retained Earnings Dividends Laundry Revenue Wages Expense Rent Expense Utilities Expense Miscellaneous Expense 80,000 2,400 248,000 135,800 43,200 16,000 3,000

Answer 1

The adjusting entries are:

a) Aug 31 Wages expense A/c Dr 2200

To Wages payable 2200

b) Depreciation A/c Dr 8150

To Accumulated Dep 8150

c) Laundry supplies expense A/c 2000

To Laundry supplies 2000

d) Insurance expense A/c Dr. 5300

To prepaid insurance 5300