Recreating adjusting journal entries from trial balance (Learning Objective 2) 15–20 min.

Assume the unadjusted and adjusted trial balances for Amusement Theater, Inc., at September 30, 2014, show the following data:

Requirement 1. Journalize the adjusting entries that account for the differences between the two trial balances.AppendixLO1

Transcribed Image Text:

Amusement Theater, Inc. Trial Balance September 30, 2014 UNADJUSTED ADJUSTED TRIAL BALANCE TRIAL BALANCE ACCOUNT DR. CR. Cash $ 8,300 DR. $ 8,300 CR. Accounts Receivable 6,000 6,000 Supplies 4,100 900 Prepaid Rent 2,800 2,100 Equipment 11,000 11,000 Accumulated Depreciation, Equipment $ 6,200 $ 6,950 Accounts Payable Salaries Payable Interest Payable Unearned Service Revenue Notes Payable Common Stock 1,500 1,500 1,500 190 4,200 3,300 8,000 8,000 3,000 3,000 Retained Earnings 8,450 8,450 Dividends 15,300 15,300 Service Revenue 44,700 45,600 Salaries Expense 22,500 24,000 Rent Expense 4,500 5,200 Depreciation Expense, Equipment 1,000 1,750 Interest Expense 550 740 Supplies Expense 3,200 Total $76,050 $76,050 $78,490 $78,490 $78,490