Adjusting EntriesAdjusting Entries

Crazy Mountain Outfitters Co$.,$ an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations:

Crazy Mountain Outfitters Co$.$

Unadjusted Trial Balance

April $30,20Y4$

$\backslash$table$[[,\backslash$table$[[$Debit$],[$Balances$]],\backslash$table$[[$Credit$],[$Balances$]]],[$Cash$,11,400,],[$Accounts Receivable,$72,600,],[$Supplies$,7,200,],[$Equipment$,112,000,],[$Accounts Payable,,$12,200],[$Unearned Fees,,$19,200],[$John Bridger, Capital,,$137,800],[$John Bridger, Drawing,$10,000,],[$Fees Earned,,$305,800],[$Wages Expense,$157,800,],[$Rent Expense,$55,000,],[$Utilities Expense,$42,000,],[$Miscellaneous Expense,$7,000,],[475,000,475,000]]$

For preparing the adjusting entries, the following data were assembled:

Supplies on hand on April $30$ were $$1,380.$

Fees earned but unbilled on April $30$ were $$3,900.$

Depreciation of equipment was estimated to be $$3,000$ for the year.

Unpaid wages accrued on April $30$ were $$2,475.$

The balance in unearned fees represented the April $1$ receipt in advance for services to be provided. Only $$14,140$ of the services was provided between April $1$ and April $30.$Adjusting Entries

Crazy Mountain Outfitters Co$.,$ an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations:

Crazy Mountain Outfitters Co$.$

Unadjusted Trial Balance

April $30,20Y4$

$\backslash$table$[[,\backslash$table$[[$Debit$],[$Balances$]],\backslash$table$[[$Credit$],[$Balances$]]],[$Cash$,11,400,],[$Accounts Receivable,$72,600,],[$Supplies$,7,200,],[$Equipment$,112,000,],[$Accounts Payable,,$12,200],[$Unearned Fees,,$19,200],[$John Bridger, Capital,,$137,800],[$John Bridger, Drawing,$10,000,],[$Fees Earned,,$305,800],[$Wages Expense,$157,800,],[$Rent Expense,$55,000,],[$Utilities Expense,$42,000,],[$Miscellaneous Expense,$7,000,],[475,000,475,000]]$

For preparing the adjusting entries, the following data were assembled:

Supplies on hand on April $30$ were $$1,380.$

Fees earned but unbilled on April $30$ were $$3,900.$

Depreciation of equipment was estimated to be $$3,000$ for the year.

Unpaid wages accrued on April $30$ were $$2,475.$

The balance in unearned fees represented the April $1$ receipt in advance for services to be provided. Only $$14,140$ of the services was provided between April $1$ and April $30.$

Crazy Mountain Outfitters Co$.,$ an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations:

Crazy Mountain Outfitters Co$.$

Unadjusted Trial Balance

April $30,20Y4$

$\backslash$table$[[,\backslash$table$[[$Debit$],[$Balances$]],\backslash$table$[[$Credit$],[$Balances$]]],[$Cash$,11,400,],[$Accounts Receivable,$72,600,],[$Supplies$,7,200,],[$Equipment$,112,000,],[$Accounts Payable,,$12,200],[$Unearned Fees,,$19,200],[$John Bridger, Capital,,$137,800],[$John Bridger, Drawing,$10,000,],[$Fees Earned,,$305,800],[$Wages Expense,$157,800,],[$Rent Expense,$55,000,],[$Utilities Expense,$42,000,],[$Miscellaneous Expense,$7,000,],[475,000,475,000]]$

For preparing the adjusting entries, the following data were assembled:

Supplies on hand on April $30$ were $$1,380.$

Fees earned but unbilled on April $30$ were $$3,900.$

Depreciation of equipment was estimated to be $$3,000$ for the year.

Unpaid wages accrued on April $30$ were $$2,475.$

The balance in unearned fees represented the April $1$ receipt in advance for services to be provided. Only $$14,140$ of the services was provided between April $1$ and April $30.$