Question

Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Pitman Company UNADJUSTED TRIAL BALANCE October 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7.420.00 2 Accounts Receivable 38.115.00 - Prepaid Insurance 7,050.00 4 Supplies 1.630.00 5 Land 114.550.00 150.250.00 88.800.00 6 Building 7 Accumulated Depreciation-Building * Equipment 9 Accumulated Depreciation-Equipment 10 Accounts Payable 133,200.00 96,605.00 12,560.00 11 Unearned Rent 7,035.00 12 Jan Pitman, Capital 217.215.00 13 Jan Pitman. Drawing 15.055.00 14 Fees Earned 327,900.00 194.870.00 15 Salaries and Wages Expense 16 Utilities Expense 17 Advertising Expense 18 Repairs Expense 42.345.00 22,335.00 17,690.00

I dont understand how to do this question please help! Thank you

Answer 1

	Adjusting Entries				Accounting Equation
Date	Account Title	Post Ref	Dr $	Cr $	Assets	Liabilities	Equity
	Insurance Expense	a.	920				-920
	Prepaid Insurance			920	-920
	Supplies Expense	b.	1015				-1015
	Supplies			1015	-1015
	Depreciation Expense-Building	c.	7610				-7610
	Accumulated Depreciation-Building			7610	-7610
	Depreciation Expense-Equipment	d.	4300				-4300
	Accumulated Depreciation-Equipment			4300	-4300
	Unearned Rent	e.	5545			-5545
	Rent Revenue			5545			5545
	Salaries & Wages Expense	f.	3040				-3040
	Salaries & Wages Payable			3040		3040
	Accounts Receivable	g.	10865		10865
	Fees Earned			10865			10865
	Putting the above effects into Unadjusted Trial Balance to get the Adjuste Traial Balance.

Pitman Company
Adjsuted Trial Balance
Oct 31,2019
Account Title	Dr $	Cr $
Cash	7,420
Accounts Receivable	48,980
Prepaid Insurance	6,130
Supplies	615
Land	114,550
Building	150,250
Accumulated Depreciation-Building		96,410
Equipment	133,200
Accumulated Depreciation-Equipment		100,905
Accounts Payable		12,560
Unearned Rent		1,490
Jan Pitman -Capital		217,215
Jan Pitman -Drawings	15,055
Fees Earned		338,765
Salaries & Wages Expense	197,910
Utilities Expense	42,345
Advertising Expense	22,335
Repairs Expense	17,690
Miscellaneous Expense	5,605
Supplies Expense	1,015
Depreciation Expense-Building	7,610
Depreciation Expense-Equipment	4,300
Rent Revenue		5,545
Salaries & Wages Payable		3,040
Insurance Expense	920
Total	775,930	775,930