The unadjusted and adjusted trial balances for McWay Services Co. on August 31, 2012, are shown below.
Question:
The unadjusted and adjusted trial balances for McWay Services Co. on August 31, 2012, are shown below.
Journalize the five entries that adjusted the accounts at August 31, 2012. None of the accounts were affected by more than one adjusting entry.
Transcribed Image Text:
McWay Services Co. Trial Balance August 31, 2012 Unadjusted Adjusted Debit Credit Debit Credit Balances Balances Balances Balances Cash 8 Accounts Receivable. 19 21 Supplies.. Prepaid Insurance 6 5 10 6 Land .... 13 13 Equipment.. Accumulated Depreciation-Equipment Accounts Payable Wages Payable... Capital Stock Retained Earnings. 20 20 4 5 13 13 1 17 17 29 29 Dividends... 4 4 Fees Earned.. Wages Expense Rent Expense Insurance Expense Utilities Expense Depreciation Expense Supplies Expense.. Miscellaneous Expense 37 39 12 13 4 4 1 2 2 100 100 104 104
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Related Book For
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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