5 7 8 9 10 11 2 13 14 15 2 reference) 3 Post adjusting entries to Ledger (Do not complete PR) 4 Prepare an Adjusted Trial Balance. 5 Prepare financial statements for the month of November Income Statement Statement of Owner's Equity Balance Sheet Notes/Tips: There were no investments by owner during the reporting period. This company prepares an Adjusted Trial Balance and Financial Statements at the end of each month. All adjustments are for the last 30 days. (Effective date Nov 30) Print the completed journal before you post to the ledger and completed ledger before you prepare the ATB May help avoid errors Oak Landscaping Company Unadjusted Trial Balance November 30, 2020 Account Debit Credit 110 Cash 40,860 onlar Ants Rarovanie Directions Journal Ledger Adjusted Trial Balance Financial Statements 16 18 19 20 21 22 23 24 25 655 Red AB 1 G Credit Debit 40,860 6,550 2.100 1,200 100,000 75,000 10,500 C E Account 110 Cash 120 Accounts Receivable 130 Supplies 140 Prepaid Insurance 150 Land 160 Building 161 Accumulated Depreciation - Building 170 Landscaping Equipment 171 Accumulated Depreciation - Landscaping Equipment 210 Accounts Payable 220 Uneamed Landscaping Revenue 230 Wages Payable 310 J. Doe, Capital 320 J. Doe, Drawings 410 Landscaping Revenue 510 Wages Exp 520 Rent Exp 530 Depreciation Exp - Building 540 Depreciation Exp - Landscaping Equipment 550 Utilities Exp 560 Supplies Expense 570 Insurance Expense 580 Misc. EXD 29,200 30,000 168,550 3,500 6.100 4,800 3,000 2.240 Total 1,100 250,850 250 850 Directions Journal Ledger Adjusted Trial Balance Financial Statements L Do Not Modify formatting. You have already journalized and posted routine entries through the month of November and created your Unadjusted Trial Balance (See Directions). The following data have been assembled for adjusting entries. a It was determined the Unearned Landscaping Revenue balance should be $18,000, since $12,000 of these services were provided to customers during the month. (Some customer's pay in advance for their services.) b Depreciation for the building for November is $300. c Depreciation for the Landscaping Equipment is $175. d The Prepaid Insurance unadjusted balance is for a 12 month liability insurance policy purchased on November 1st and beginning that day. e After taking inventory on Nov 30, the Supplies on hand was $1,500. f The company has provided (earned) $15,000 of landscaping services in November that it has not yet billed for. Directions Journal Ledger Adjusted Trial Balance Financial Statements f The company has provided (earned) $15,000 of landscaping services in November that it has not yet billed for. g Accrued wages at Nov 30 are $1,000 Oak Landscaping Company General Journal Page 3 P.R. Debit 12.000 Credit 12.000 300 Notes: You do not need to You do not need to Do not leave an em Tips: All transactions/adju Debits and Credits a Post ALL Journal of unsure of what to a 300 Date Account Titles and Explanation Nov A Unearned landscape Revenue Landscape Revenue Nov B Depreciation Expense-Building Accumulated Depreciation-Building Nov C Depreciation Expense-Landscaping Accumulated Depreciation-Landscaping 1-Nov D Insurance Expense Prepaid Insurance 30-Nov E Supplies Expense Supplies Nov F Accounts Receivable Landscappina Revenue Directions Journal Liner 175 175 100 100 600 600 1,500 Actor Trial D 1.500 B E D F G Oak Landscaping Company GENERAL LEDGER Cash Date Explanation P.R. DEBIT CREDIT 30-Nov Balance before adjustments ACCOUNT # 110 BALANCE 40,860 Accounts Receivable Date Explanation P.R DEBIT 30-Nov Balance before adjustments 30-Nov Landscapping Revenue 1,500 Notes: Do Note Account You do no Post adjus Computea Do not cord Transfer a if unsure o ACCOUNT # 120 BALANCE 6,550 CREDIT Supplies Date Explanation P.R 30-Nov Balance before adjustments 30-Nov Supplies Expense DEBIT 8,050 ACCOUNT# 130 BALANCE 2,100 CREDIT 600 Prepaid Insurance Date Explanation P.R. DEBIT CREDIT 30-Nov Balance before adjustments 30-Nov Insurance Expense 100 Directions Journal Ledger Adjusted Trial Balance Financial Statements 1,500 ACCOUNT# 140 BALANCE 1,200 t.tn eady B D E F Date Explanation 30-Nov Balance before adjustments Land PR DEBIT CREDIT 1,100 ACCOUNT# 150 BALANCE 100,000 Building Date Explanation P.R 30-Nov Balance before adjustments DEBIT CREDIT ACCOUNT # 160 BALANCE 75,000 A/D Building Date Explanation P.R 30-Nov Balance before adjustments DEBIT CREDIT ACCOUNT # 161 BALANCE 0 Landscaping Equipment Date Explanation P.R DEBIT 30-Nov Balance before adjustments CREDIT ACCOUNT# 170 BALANCE 10,500 A/D Landscaping Equipment Journal Ledger Adjusted Trial Balance Financial Statements Directions ACCOUNT # 171 G 14 5 16 17 18 9 A/D Landscaping Equipment Date Explanation P.R. DEBIT 30-Nov Balance before adjustments CREDIT ACCOUNT # 171 BALANCE 0 10,500 Yakelin Heredia Accounts Payable Date Explanation PR DEBIT 30-Nov Balance before adjustments CREDIT ACCOUNT# 210 BALANCE 29,200 51 2 63 4 -5 6 7 8 9 0 -1 2 3 4 Unearned Landscaping Revenue Date Explanation P.R DEBIT 30-Nov Balance before adjustments 30-Nov Landscape Revenue 12,000 CREDIT ACCOUNT # 220 BALANCE 30,000 Wages Payable Date Explanation P.R DEBIT 30-Nov Balance before adjustments CREDIT 18,000 ACCOUNT # 230 BALANCE 0 5 30-Nov Balance after adjustment J.Doe, Capital Directions Inurnal Lod 1,000 ACCOUNT B J.Doe, Capital Date Explanation P.R. DEBIT 30-Nov Balance before adjustments CREDIT ACCOUNT# 310 BALANCE 168,550 J. Doe, Drawings Date Explanation P.R. DEBIT 30-Nov Balance before adjustments CREDIT ACCOUNT # 320 BALANCE 3,500 CREDIT 8 7 B 9 0 31 32 83 34 35 86 Landscape Revenue Date Explanation P.R. DEBIT 30-Nov Balance before adjustments Unearned landsape Revenue 12,000 Accounts receivable 15,000 Wages Expense Date Explanation P.R. DEBIT 30-Nov Balance before adjustments 30-Nov Wages Payable 1,000 ACCOUNT # 410 BALANCE 23,100 35,100 50,100 ACCOUNT #510 BALANCE 4,800 CREDIT 5,800 ACCOUNT# 520 BALANCE Date Directions Rent Expense Explanation P.R DEBIT CREDIT Journal Ledger Adjusted Trial Balance Financial Statements Ready J C D E F Rent Expense Date Explanation P.R. DEBIT 30-Nov Balance before adjustments CREDIT H ACCOUNT # 520 BALANCE 3,000 Depreciation Expense - Building Date Explanation P.R DEBIT 30-Nov Balance before adjustments CREDIT ACCOUNT #530 BALANCE 0 Depreciation Expense - Landscaping Equipment Date Explanation P.R DEBIT CREDIT 30-Nov Balance before adjustments ACCOUNT# 540 BALANCE 0 Yakelin Heredia Utilities Expense Date Explanation P.R. DEBIT 30-Nov Balance before adjustments CREDIT ACCOUNT# 550 BALANCE 2,240 Supplies Expense Adjusted Trial Balance ACCOUNT# 560 Directions Journal Ledger Financial Statements B C D E F H Supplies Expense Date Explanation P.R. DEBIT 30-Nov Balance before adjustments CREDIT ACCOUNT # 560 BALANCE 0 30-Nov Balance after adjustments Insurance Expense Date Explanation P.R. DEBIT 30-Nov Balance before adjustments 600 ACCOUNT# 570 BALANCE CREDIT 30-Nov Balance after adjustment Miscellaneous Expense Date Explanation P.R. DEBIT 30-Nov Balance before adjustments 100 ACCOUNT# 580 BALANCE 1,100 CREDIT 00 m F 0 Credit Debit 40,860 C Oak Landscaping Company Adjusted Trial Balance November 30, 2020 Account Cash Accounts Receivable Supplies Prepaid Insurance Land Building Accumulated Depreciation - Building Landscaping Equipment Accumulated Depreciation - Landscaping Equipment Accounts Payable Unearned Landscaping Revenue Wages Payable J. Doe, Capital J. Doe, Drawings Landscaping Revenue Wages Expense Journal Ledger Adjusted Trial Balance Financial Statements 1,500 1,100 100,000 75,000 Reminde Do Noi Debits All acco If accou Refer to 300 10,500 175 29,200 18,000 1,000 168,550 ons B E 10,500 175 29,200 18,000 1,000 168,550 Landscaping Equipment Accumulated Depreciation - Landscaping Equipment Accounts Payable Unearned Landscaping Revenue Wages Payable J. Doe, Capital J. Doe, Drawings Landscaping Revenue Wages Expense Rent Expense Depreciation Expense - Building Depreciation Expense - Landscaping Equipment Utilities Expense Supplies Expense Insurance Expense Miscellaneous Expense fo Don't forget to fill out the date line for each statement. K L M N BC D E F GHI J Note: See Chapter 4 Exhibit 2 for proper formatting of Financial Statements DO NOT MODIFY FORMATTING Oak Landscaping Company Income Statement Oak Landscaping Company Balance Sheet Assets Tips: Assets All Accou Ensure yo Don't forge Liabilities Oak Landscaping Company Statement of Owner's Equity Directions Journal Ledger Adjusted Trial Balance Financial Statements Type here to search O Sofing Accessibility Insights Language Workbook Kanges Wo Protinct Comments Notes Don't forget to fill out the date line for each state BC D E F GHI K L M N Oak Landscaping Company Statement of Owner's Equity Liabilities Owner's Equity Directions Journal Ledger Adjusted Trial Balance Financial Statements