Consider the data in Figure 5.25 for Deb?s Dance Studio: Adjustment Data 1. Insurance expired, $1,000. 2.
Question:
Consider the data in Figure 5.25 for Deb?s Dance Studio:
Adjustment Data
1. Insurance expired, $1,000.
2. Dance supplies on hand, $1,100.
3. Depreciation on dance equipment, $2,500.
4. Salaries earned by employees but not due to be paid until December, $800.
Your task is to do the following:
1. Prepare a worksheet.
2. Journalize adjusting and closing entries.
DEB'S DANCE STUDIO TRIAL BALANCE NOVEMBER 30, 201X Account Titles Dr. Cr. Cash 47 4 0000 Accounts Receivable 900000 Prepaid Insurance 130000 Dance Supplies 160000 Dance Equipment 18 00000 Accumulated Depreciation, Dance Equipment Accounts Payable 820000 20 00000 D. Dee, Capital 34 4 0000 D. Dee, Withdrawals 60000 Dance Fees Earned 18|기00100 Salaries Expense 180000 Telephone Expense 100000 Advertising Expense 60000 Totals 8130 000 |813|0이 00
Step by Step Answer:
1 2 DEBS DANCE STUDIO GENERAL JOURNAL Date 201X Account Titles and Description PR Dr Cr Adjusting En...View the full answer
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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