Answers
Adjustment Entries | |||
date | explanation | debit | credit |
28-Feb | insurance expense | 650 | |
prepaid insurance | |||
28-Feb | unearned revenue | 4750 | |
sales revenue | 4750 | ||
28-Feb | wages expense | 11600 | |
wages payable | 11600 | ||
28-Feb | supplies expense | 7600 | |
supplies | 7600 | ||
28-Feb | depreciation expense | 625 | |
accumulated depreciation | 625 | ||
28-Feb | interest expense | 1250 | |
interest payable | 1250 | ||
T-Accounts With Adjustment | |||
Prepaid insurance | |||
1-Feb | 7800 | 28-Feb | 650 |
28-Feb | 7150 | ||
Insurance expese | |||
28-Feb | 650 | ||
unearned revenue | |||
28-Feb | 4750 | 10-Feb | 10000 |
28-Feb | 5250 | ||
sales revenue | |||
11-Feb | 35840 | ||
28-Feb | 4750 | ||
40590 | |||
wages expense | |||
13-Feb | 12300 | ||
28-Feb | 11600 | ||
23900 | |||
wages payable | |||
28-Feb | 11600 | ||
supplies expense | |||
28-Feb | 7600 | ||
supplies | |||
31-Jan | 5600 | 28-Feb | 7600 |
9-Feb | 3500 | ||
9100 | |||
28-Feb | 1500 | ||
depreciation expense | |||
28-Feb | 625 | ||
accumulated depreciation | |||
28-Feb | 625 | ||
Interest expense | |||
28-Feb | 1250 | ||
Interest payable | |||
28-Feb | 1250 | ||
Trial Balance | |||
explanation | debit | credit | |
cash | 40820 | ||
A/R | 6840 | ||
Supplies | 1500 | ||
prepaid insurance | 7150 | ||
land | 68000 | ||
building | 150000 | ||
accumulated depreciation | 625 | ||
A/P | 1450 | ||
unearned revenue | 5250 | ||
notes payable | 125000 | ||
common stock | 100000 | ||
retained earning | 27400 | ||
dividend | 2000 | ||
wages payable | 11600 | ||
interest payable | 1250 | ||
sales revenue | 40590 | ||
wage expense | 23900 | ||
utility expense | 3300 | ||
Insurance expense | 650 | ||
supplies expense | 7600 | ||
depreciation expense | 625 | ||
Interest expense | 1250 | ||
total | 313635 | 313165 |
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