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1. Kirk Enterprises offers rug cleaning services to business clients. Below are the adjustments data for the year ended July 31. Using this information along
1. Kirk Enterprises offers rug cleaning services to business clients. Below are the adjustments data for the year ended July 31. Using this information along with the spreadsheet below, record the adjusting entries in proper general journal form Adjustments: (a) The equipment is estimated to last for five years with no salvage value. The asset will be depreciated evenly over its useful life. Record one month's depreciation. (b) Accrued wages, $2. Unused supplies on hand, $8. (d) of the unearned revenue, 75% has been earned. (e) Unexpired insurance remaining at the end of the month, $9. Adjusted Trial Balance Dr. Cr. Dr. Kirk Enterprises End-of-Period Spreadsheet For the Year Ended July 31 Unadjusted Trial Balance Adjustments Cr. Dr. Cr. 36 12 56 12 60 12 1 Cash Prepaid Insurance Fees Receivable Supplies Equipment Accumulated Depreciation Unearned Revenue Accounts Payable Wages Payable Ruben Ramon, Capital Ruben Ramon, Drawing 20 32 84 nglish (United States)
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