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Adjusting Entries from Trial Balances The accountant for E-Z Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the
Adjusting Entries from Trial Balances The accountant for E-Z Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts of the adjustments are correct. Eva's Laundry Trial Balance July 31, 2018 Unadjusted Adjusted Debit Balances Credit Balances Debit Balances Credit Balances Cash Accounts Receivable Laundry Supplies Prepaid Insurance* 7,420 7,420 18,000 21,600 3,600 5,290 5,130 1,390 Laundry Equipment 196,220 190,280 Accumulated Depreciation-Laundry Equipment 47,500 47,500 Accounts Payable Wages Payable 9,490 9,490 1,190 Common Stock Retained Earnings Dividends Laundry Revenue Wages Expense Rent Expense 55,000 55,000 54,100 54,100 28,400 28,400 188,140 188,140 48,660 48,660 25,310 25,310 Utilities Expense 18,330 18,330 5010
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