Henderson Commission Company's unadjusted and adjusted trial balances at December \(31,19 \times 7\), follow:

\section*{Required}
Journalize the adjusting entries that account for the differences between the two trial balances.
Fournalizing and posting adjustments to T-accounts, preparing the adjusted trial balance \((O b j .3,4)\)

Transcribed Image Text:

HENDERSON COMMISSION COMPANY ADJUSTED TRIAL BALANCE DECEMBER 31, 19X7 Trial Balance Adjusted Trial Balance Account Title Debit Credit Debit Credit Cash 4,120 4,120 Accounts receivable 11,260 14,090 Supplies 1,090 780 Prepaid insurance 2,600 1,330 Office furniture 21,630 21,630 Accumulated depreciation 8,220 10,500 Accounts payable 6,310 6,310 Salary payable 960 Interest payable 480 Note payable 12,000 12,000 Unearned commission revenue 1,840 1,160 Common stock 10,000 10,000 Retained earnings 3,510 3,510 Dividends 29,370 29,370 Commission revenue 72,890 76,400 Depreciation expense 2,280 Supplies expense 310 Utilities expense 4,960 4,960 Salary expense 26,660 27,620 Rent expense 12,200 12,200 Interest expense 880 1,360 Insurance expense 1,270 114,770 114,770 121,320 121,320