Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Accounting homework! Use the first picture to fill out the rest of the tables. 3B-5. Below is the unadjusted trial balance of JUPITER Incorporated: JUPITER

Accounting homework! Use the first picture to fill out the rest of the tables.

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

3B-5. Below is the unadjusted trial balance of JUPITER Incorporated: JUPITER INCORPORATED Unadjusted Trial Balance September 1, 20 Credit Account Names Balances Balances Cash 900 2,300 Accounts receivable Office supplies 8,400 Equipment 27,000 $6,400 Accumulated depreciation equipment 500 Salaries payable Interest payable 2,900 Unearned rent revenue 4,200 8,000 Common stock Retained earnings 15,300 7,000 Rent revenue Supplies expense 800 Salary expense 900 Interest expense Depreciation expense equipment Totals $44,300 $44,300 The adjusting entry information is as follows a. Office supplies on hand as of September 1 were $800 b. The equipment depreciation for this period is S3,800 Salaries earned by employees, who have not yet been paid, have c. increased by $1,700 d. Interest owed by JUPITER which has not yet been paid has increased by $760 e. Unearned rent revenue has decreased by $300 f. As of September 1, JUPITER had provided $3,200 of additional rental services for which they have not yet collected payment

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Audit Of Treasury And Cash Management

Authors: Badr Bentalha

1st Edition

B0BM3R6WG7, 979-8363213779

More Books

Students also viewed these Accounting questions

Question

Discuss communication challenges in a global environment.

Answered: 1 week ago