The trial balances before and after adjustment for Matusiak OAO at the end of its fiscal year are presented below.

Instructions

Prepare the adjusting entries that were made.

Transcribed Image Text:

Matusiak OAO Trial Balance August 31, 2020 Before After Adjustment Adjustment Dr. Dr. Cr. Cr. €10,400 11,200 Cash €10,400 8,800 2,300 Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable 700 4,000 2,500 14,000 14,000 € 3,600 € 4,500 5,800 5,800 1,100 1,500 Unearned Rent Revenue 400 12,600 Share Capital-Ordinary Retained Earnings 12,600 3,000 3,000 Service Revenue 34,000 36,400 Rent Revenue 11,000 12,100 Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense 17,000 -0- 18,100 1,600 15,000 1,500 15,000 -0- -0- 900 €71,500 €71,500 €75,900 €75,900