Question

Below are journal entries and adjusted journal entries, on the excel snapshot provided I need the remaining trial balances filled in for the beginning trial balances and all of the retained earnings info.

Happy House Bakeshop opened for business on October 1, 2018. During the month of October, the following transactions occurred: October 1: Issued $20,000 of common stock for $20,000 cash. October 1: Purchased a delivery van for $11,000. Paid $4,000 in cash and borrowed the remainder (long-term) from the bank. October 3: Purchased baking supplies for $900 on account. October 5: Paid $1,800 on a one-year insurance policy, effective October 1. October 12: Billed customers $4,800 for baking services. October 18: Paid $1,500 of the amount owed on the van. October 18: Paid $500 of the amount owed on baking services. October 20: Paid $1,700 for employee salaries. October 21: Collected $1,200 from customers billed on October 12. October 25: Billed customers $1,900 for baking services. October 31: Paid gas and oil for the month on the delivery, $500. October 31: Paid an $800 dividend. Adjustments: (a) Earned but unbilled fees at October 31 were $2,500 (b) Depreciation for the month was $500 (c) One-twelfth of the insurance expired (d) An inventory count showed $300 of cleaning supplies remaining on October 31 (e) Accrued but unpaid employee salaries were $500

Answer 1

Account	Unadjusted Trial Balance		Adjusting Enrties	Adjusted Trial Balance
	Debit( & )	Credit ( & )		Debit( & )	Credit ( & )	Debit( & )	Credit ( & )
Cash	10,400.00					10,400.00
Accounts Receivable	5,500.00					5,500.00
Baking Supplies	900.00				600.00	300.00
Prepaid Insurance	1,800.00				150.00	1,650.00
Delivery Van	11,000.00			-	500.00	10,500.00
Accounts Payable		400.00					400.00
Salaries Payable					500.00		500.00
Bank Loan		5,500.00					5,500.00
Common Stock		20,000.00					20,000.00
Dividend	800.00					800.00
Unbilled Service Revenue				2,500.00		2,500.00
Service Revenue		6,700.00			2,500.00		9,200.00
Gas & Oil Expenses	500.00					500.00
Baking Supplies Expenses			(900-300)	600.00		600.00
Depreciation expenses				500.00	-	500.00
Insurance Expenses			(1800/12)	150.00		150.00
Salaries Expenses	1,700.00			500.00		2,200.00
	32,600.00	32,600.00	-	4,250.00	4,250.00	35,600.00	35,600.00

Account	Retained Earnings
	Amount ( & )
Income
Service Revenue	9,200.00
Expenses
Gas & Oil Expenses	500.00
Baking Supplies Expenses	600.00
Depreciation expenses	500.00
Insurance Expenses	150.00
Salaries Expenses	2,200.00
Total	3,950.00
Net Income	5,250.00
Dividend	800.00
Retained Earnings	4,450.00

Retained Earnings Formula
RE =	BP+Net Income-C-S		Where
			RE	Retained Earnings
			BP	Bebinning Period RE
			C	Cash Dividend
			S	Stock Dividend