Adjusting Entries Reliable Repairs and Service, an electronics repair store, prepared the following unadjusted trial balance...
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Adjusting Entries Reliable Repairs and Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Reliable Repairs and Service Unadjusted Trial Balance April 30, 2018 Debit Credit Balances Balances Cash Accounts Receivable Supplies 14,960 99,350 23,940 Equipment 499,410 Accounts Payable 23,340 Unearned Fees 26,330 Common Stock 55,000 Retained Earnings 287,000 Dividends 19,750 Fees Earned 598,500 Wages Expense 138,850 Rent Expense 105,930 Utilities Expense 76,010 Miscellaneous Expense 11,970 990,170 990,170 For preparing the adjusting entries, the following data were assembled: Adjusting Entries Reliable Repairs and Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Reliable Repairs and Service Unadjusted Trial Balance April 30, 2018 Debit Credit Balances Balances Cash Accounts Receivable Supplies 14,960 99,350 23,940 Equipment 499,410 Accounts Payable 23,340 Unearned Fees 26,330 Common Stock 55,000 Retained Earnings 287,000 Dividends 19,750 Fees Earned 598,500 Wages Expense 138,850 Rent Expense 105,930 Utilities Expense 76,010 Miscellaneous Expense 11,970 990,170 990,170 For preparing the adjusting entries, the following data were assembled:
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