91,000 9,000 5.000 Common Stock Retained Earings Dividends Rent Revenue Salaries and Wages Expense Utilities Expenses Maintenance and Repairs Expense 76,200 44,800 9,200 3,600 $245,300 $245,300 Other data: 1. The balance in prepaid insurance is a one-year premium paid on June 1, 2017 2. An inventory count on August 31 shows $450 of supplies on hand. 3. Annual depreciation rates are buildings (4%) and equipment (10%). Salvage value is estimated to be 10% of cost. 1 Unearned Rent Revenue of $3,800 was earned prior to August 31. 5. Salaries of $375 were unpaid at August 31. 6. Rentals of 5800 were due from tenants at August 31. 7. The mortgage interest rate is 8% per year. Instructions (a) Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31. (Omit explanations.) (b) Prepare an adjusted trial balance on August 31. Rosas Computer Services Corporation engaged in the following transactions during the month of June: June 4 John Rosas invested $40,000 in exchange for common stock in a computer Service company. Prepaid insurance for 6 months in the amount of $600, 5 6 13 14 15 Paid for advertising expense of $300. Purchased equipment for $5,000 cash. Received cash payment of $1,500 from cash customers. Purchased supplies on account for $500, Hired an office assistant at salary of $200 per week payable monthly Send costumers the bill for services performed during the month of June for $8,000. Received the current utilities bill for $250 to be paid next month. Paid salaries and wages, for the month of June, of $2,400. September 2020 30 30 30 Name 91,000 9,000 5.000 Common Stock Retained Earings Dividends Rent Revenue Salaries and Wages Expense Utilities Expenses Maintenance and Repairs Expense 76,200 44,800 9,200 3,600 $245,300 $245,300 Other data: 1. The balance in prepaid insurance is a one-year premium paid on June 1, 2017 2. An inventory count on August 31 shows $450 of supplies on hand. 3. Annual depreciation rates are buildings (4%) and equipment (10%). Salvage value is estimated to be 10% of cost. 1 Unearned Rent Revenue of $3,800 was earned prior to August 31. 5. Salaries of $375 were unpaid at August 31. 6. Rentals of 5800 were due from tenants at August 31. 7. The mortgage interest rate is 8% per year. Instructions (a) Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31. (Omit explanations.) (b) Prepare an adjusted trial balance on August 31. Rosas Computer Services Corporation engaged in the following transactions during the month of June: June 4 John Rosas invested $40,000 in exchange for common stock in a computer Service company. Prepaid insurance for 6 months in the amount of $600, 5 6 13 14 15 Paid for advertising expense of $300. Purchased equipment for $5,000 cash. Received cash payment of $1,500 from cash customers. Purchased supplies on account for $500, Hired an office assistant at salary of $200 per week payable monthly Send costumers the bill for services performed during the month of June for $8,000. Received the current utilities bill for $250 to be paid next month. Paid salaries and wages, for the month of June, of $2,400. September 2020 30 30 30 Name