The unadjusted and adjusted trial balances for Tinker Corporation on December 31, current year are shown as
Question:
The unadjusted and adjusted trial balances for Tinker Corporation on December 31, current year are shown as follows.
Journalize the nine adjusting entries that the company made on December 31, current year.
Transcribed Image Text:
TINKER CORPORATION TRIAL BALANCES DECEMBER 31, CURRENT YEAR Unadjusted Debit Credit $ 35,200 29,120 1,200 5,400 680 60,000 Cash.... Accounts receivable Unexpired Insurance Prepaid rent... Office supplies Equipment Accumulated depreciation: equipment Accounts payable Notes payable.. Interest payable Salarles payable Income taxes payable Unearned revenue Capital stock Retained earnings Fees earned Advertising expense Insurance expense Rent expense Office supplies expense Repairs expense...... Depreciation expense: equipment Salarles expense Interest expense.. Income taxes expense $ 49,000 900 5,000 200 1,570 6,800 25,000 30,000 91,530 Adjusted Debit Credit $ 35,200 34,120 600 3,600 380 60,000 $ 50,000 900 5,000 250 2,100 2,170 3,800 25,000 30,000 99,530 1,500 1,500 6,600 7,200 19,800 21,600 1,200 1,500 4,800 4,800 11,000 12,000 26,300 28,400 200 250 7,000 7,600 $210,000 $210,000 $218,750 $218,750
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Related Book For
Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781260247930
19th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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