Question
1. Jeff Georges consulting firm (from Chapter 1 homework) had the following trial balance on April 30. Harman Company Trial Balance April 30, 2019 Account
1. Jeff Georges consulting firm (from Chapter 1 homework) had the following trial balance on April 30.
Harman Company
Trial Balance
April 30, 2019
Account Number
Debit
Credit
101
Cash
$ 8,200
112
Accounts Receivable
6.500
124
Supplies
2,250
130
Prepaid Insurance
3,600
152
Equipment
17,000
201
Accounts Payable
$ 5,500
208
Unearned Service Revenue
4,000
301
Owners Capital
24,650
400
Service Revenue
7,400
720
Salary and Wages Expense
3,000
728
Rent Expense
1,000
$ 41,550
$ 41,550
In addition to the accounts listed on the trial balance, the chart of accounts for George Company also contains
the following accounts and account numbers:
No. 158 Accumulated Depreciation Equipment
212 Salaries and Wages Payable
631 Supplies Expense
711 Depreciation Expense
722 Insurance Expense
730 Utilities Expense
Other data:
1. Supplies on hand at April 30 are $750.
2. A utility bill for $275 has not been recorded and will not be paid until next month.
3. The insurance policy is for two years.
4. Invoices representing $1,800 of services performed during the month have not been recorded as of April 30.
5. The equipment has a 5-year life with no salvage value.
6. Salaries of $2,300 are accrued at April 30.
7. $3,100 of unearned service revenue is recognized for services performed during the month.
Instructions
a.
Prepare the adjusting entries for the month of April. Use J8 as the page number for your journal.
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