Q1. At the end of the accounting period, accountants adjust accounts to reflect accrued amounts and unrecorded transactions. This entails recording more journal entries, like in Step 2, and posting them, like in Step 3.
Review the accounts in Doogie€™s unadjusted trial balance on the previous page. There are three balance sheet accounts that need to be adjusted (updated to the correct ending balance), which are (cash / ____________ / ____________/ ____________/ common stock). There are (1 / 2 / ____ / 4) income statement accounts that need to be adjusted, which are (revenue / ____________/ ____________/ rent expense / ____________).
Q2. Use the information below to prepare general journal entries needed to record the adjustments for Doogie€™s Dog Grooming Corporation on July 31. The Chart of Accounts for Doogie€™s is presented in a previous activity.

Q3. Compute total debits and total credits and record below. As a check to the accuracy of the postings, make certain that total debits equal total credits. If not, please find the error and correct. Do total debits equal total credits? (______ / No)

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Doogie's Dog Grooming Corporation GENERAL JOURNAL July Debit Date AJE #1 Doogie purchased a grooming table and other equipment for $18,000 cash on July 1. This equipment has a five-year life with no residual value. Straight-line depreciation is used. Record depreciation expense for July July 31 Accounts Credit AJE #2 Doogie purchased a one-year insurance policy for S2.400 cash on July 1. On July 31, one month of insurance coverage has been used. Record insurance expense for July July 31 AJE #3 Doggie treats and other supplies arrived along with a bill for $1.200 on July 6 On July 31 there were S500 of doggie treats and other supplies remaining. What amounts of supplies were used during July? Record supply expense for July. July 31 Doogie's Dog Grooming Corporatiorn ADJUSTED TRIAL BALANCE July 31 0 Account Debit Credit 100 110 120 130 140 150 200 210 220 300 350 360 400 500 510 520 530 540 Wage expense Cash Accounts receivable Supply inventory Equipment Accumulated depreciation Prepaid insurance Accounts payable Rent payable Wages payable Common stock Retained earnings Dividends S25,700 Revenue Depreciation expense Insurance expense Rent expense Supply expense Total S51,500