Question

Appendix: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has been prepared on the following end-of-period spreadsheet for the year ended October 31, 2019. In addition, the data for year- end adjustments are as follows: a. Fees earned, but not yet billed, $26. b. Supplies on hand, $7. c. Insurance premiums expired, $33. d. Depreciation expense, $13. e. Wages accrued, but not paid, $13. Enter the adjustment data, and place the balances in the Adjusted Trial Balance columns. If a box does not require an entry, leave it blank. Alert Security Services Co. End-of-Period Spreadsheet (Work Sheet) For the Year Ended October 31, 2019 Unadjusted Trial Balance Adjustments Adjusted Trial Balance

Answer 1

Alert Security Services Co. Debit in $ Credit in $ Adjusting Enteries Trans Particulars a. Accounts Receivable a/c To Fees Earned (Fees earned on account) Dr. 26 b. Supplies Expense a/c Dr. To Supplies (Supplies Expensed) 26-7 C. Insurance Expense a/c Dr. To Prepaid Insurance (Insurance expensed) d. Dr. Depreciation Expense - Equip a/c To Accum. Depre - Equip (To record depreciation) e. Wages expense a/c Dr. To Wages Payable (Being Salary Expense accrued)

Worksheet For the Year ended 31.10.2019 Unadjusted Adjustments Balance Debit in $ Credit in $ Debit in $ Credit in $ Debit in $ Credit in $ 99 264 26 290 26 7 330 132 132 26 13 119 119 Particulars Cash Accounts Receivable Supplies Prepaid Insurance Land Equipment Accum. Depre - Equip Accounts Payable Wages Payable Brenda Schultz, Capital Brenda Schultz, Drawing Fees Earned Wages expense Rent Expense Insurance Expense Utilities Expense Supplies Expense Depreciation Expense - Equip Miscellaneous Expense Totals 621 621 297 323 7 1050 1050 104 104 1102 1102