Question
9. Journalize the six entries to adjust the accounts at December 31. (Hint: One of the accounts was affected by two different adjusting entries). Unadjusted
9. Journalize the six entries to adjust the accounts at December 31. (Hint: One of the accounts was affected by two different adjusting entries).
| Unadjusted Trial Balance | Adjusted Trial Balance | ||
| Debit Balances | Credit Balances | Debit Balances | Credit Balances |
Cash | 5,000 |
| 5,000 |
|
Accounts Receivable | 32,000 |
| 32,600 |
|
Supplies | 3,600 |
| 100 |
|
Prepaid Insurance | 4,000 |
| 1,400 |
|
Equipment | 11,000 |
| 11,000 |
|
Accumulated Depreciation |
|
|
| 1,700 |
Wages Payable |
|
|
| 2,000 |
Unearned Fees |
| 8,900 |
| 3,500 |
Ann Cole, Capital |
| 22,000 |
| 22,000 |
Fees Earned |
| 69,000 |
| 75,000 |
Wages Expense | 44,300 |
| 46,300 |
|
Supplies Expense |
|
| 3,500 |
|
Insurance Expense |
|
| 2,600 |
|
Depreciation Expense |
|
| 1,700 |
|
Total | 99,900 | 99,900 | 104,200 | 104,200 |
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