Emerson Company Unadjusted Trial Balance October 31, 20Y6 Debit Balances Credit Balances Cash 4,580 Accounts Receivable...
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Emerson Company Unadjusted Trial Balance October 31, 20Y6 Debit
BalancesCredit
BalancesCash 4,580 Accounts Receivable 41,540 Prepaid Insurance 7,750 Supplies 2,110 Land 122,160 Building 300,400 Accumulated Depreciation—Building 149,270 Equipment 146,800 Accumulated Depreciation—Equipment 106,320 Accounts Payable 13,030 Unearned Rent 7,390 Suzanne Emerson, Capital 319,400 Suzanne Emerson, Drawing 16,190 Fees Earned 352,050 Salaries and Wages Expense 209,820 Utilities Expense 46,120 Advertising Expense 24,640 Repairs Expense 18,660 Miscellaneous Expense 6,690 947,460 947,460 The data needed to determine year-end adjustments are as follows:
Required:
- Unexpired insurance at October 31, $5,190.
- Supplies on hand at October 31, $630.
- Depreciation of building for the year, $3,430.
- Depreciation of equipment for the year, $2,980.
- Unearned rent at October 31, $1,920.
- Accrued salaries and wages at October 31, $3,360.
- Fees earned but unbilled on October 31, $19,710.
1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; Depreciation Expense—Building; Depreciation Expense—Equipment; and Supplies Expense. If an amount box does not require an entry, leave it blank.
20Y6
Oct. 3131 31 31 31 31 31 2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank.
Emerson Company Adjusted Trial Balance October 31, 20Y6 Debit Balances Credit Balances
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Homework Answers
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1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; Depreciation Expense—Building; Depreciation Expense—Equipment; and Supplies Expense. If an amount box does not require an entry, leave it blank.
20Y6
Oct. 31Insurance expense (7750-5190) 2560 Prepaid insurance 2560 31 Supplies expense (2110-630) 1480 Supplies 1480 31 Depreciation expense 3430 Accumulated depreciation-Building 3430 31 Depreciation expense 2980 Accumulated depreciation-equipment 2980 31 Unearned rent (7390-1920) 5470 Rent revenue 5470 31 Salaries and wages expense 3360 Salaries and wages payable 3360 31 Account receivable 19710 Fees earned 19710 2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank.
Emerson Company Adjusted Trial Balance October 31, 20Y6 Debit Balances Credit Balances Cash 4580 Account receivable 61250 Prepaid insurance 5190 Supplies 630 Land 122160 Building 300400 Accumulated Depreciation—Building 152700 Equipment 146800 Accumulated Depreciation—Equipment 109300 Account payable 13030 Unearned rent 1920 Salaries and wages payable 3360 Suzanne Emerson, Capital 319400 Suzanne Emerson, Drawing 16190 Fees earned 371760 Rent revenue 5470 Salaries and Wages Expense 213180 Utilities expense 46120 Advertising expense 24640 Repairs expense 18660 Miscellaneous expense 6690 Insurance expense 2560 Supplies expense 1480 depreciation expense -Building 3430 Depreciation expense-equipment 2980 Total 976940 976940
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Emerson Company
Unadjusted Trial Balance
October 31, 20Y6
Debit
Balances
Credit
Balances
Cash
4,580
Accounts Receivable...
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SOLVE ADJUSTED TRIAL BALANCE 2 ONLY. the empty boxes are what answers im looking for. Instructions...
SOLVE ADJUSTED TRIAL BALANCE 2 ONLY. the empty boxes are what
answers im looking for.
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Pitman Company is a small editorial services company owned and
operated by Jan Pitman. On October 31, 2019, the end of the current
year, Pitman Company's accounting clerk prepared the following
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SOLVE ADJUSTED TRIAL BALANCE 2 ONLY. the empty boxes are what
answers im looking for.
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Pitman Company is a small editorial services company owned and
operated by Jan Pitman. On October 31, 2019, the end of the current
year, Pitman Company's accounting clerk prepared the following
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October 31, 2019 Debit Balances Credit Balances Cash 3,430 Accounts
Receivable 31,140 Prepaid Insurance 5,810 Supplies 1,580 Land
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