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Adjustments Oct 2020 Item Description HST is not included in Adjusting Entries 31 Source Document: Purchase invoice For the following: Arrived late, and is for

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Adjustments Oct 2020 Item Description HST is not included in Adjusting Entries 31 Source Document: Purchase invoice For the following: Arrived late, and is for Miscellaneous Expenses that ocurred in 2020 year. Amount: $ 450.00 Terms: On account 31 Asset: 115 - Supplies For the following: Office supplies at October 31 is calculated below Instructions: Make any adjustments as necessary. Ending Supplies inv. $12,000.00 31 Asset 120 - Prepaid Insurance For the following: Unexpired insurance at October 31 calculated below Instructions: Adjust as necessary. Prepaid insurance shows a total value remaining of $400 Depreciation: is calculated on a straight line basis 31 Capital Asset: 135 - Office Furniture For the following: Estimated Salvage value is $5000. Estimated useful life is, 10 years. Instructions: Make the necessary adjustment 31 Capital Asset: 140 - Office Equipment For the following: Estimated Salvage value is $8000. Estimated useful life is, 15 years. Instructions: Make the necessary adjustment 31 Capital Asset: 170 - Automobile For the following: Estimated Salvage value is $10000. Estimated useful life is, 12 years. Instructions: Make the necessary adjustmentAccounts Acc. Trial Balance Adjustments Income Statement Balance Sheet No. DR CR DR CR DR CR DR CR Bank Account 101 81.235.25 Accounts Recievable 105 51,443.30 Supplies 115 16.381.00 4,381.00 Prepaid Insurance 120 20100 Office Furniture 135 27,401.00 Ace. Depree - Office Furniture 137 5.070.00 Office Equipment 140 24.803.00 Ace. Depree - Office Equipment 141 9.920.00 Automobile 170 32 400 00 Ace Depree - Automobile 171 3.720.00 Accounts Payable 201 20,564.80 12 HST Payable 205 7.233.30 HST Recoverable 12 13 206 5,464.55 Loan Payable 210 13 14 4,500.00 15 Mortgage Payable 215 14 40,500.00 S. Redmond, Capital 15 301 91,958.00 5. Redmond, Drawings 305 16 24,100100 Fees Earned 401 102 410.00 19 Advertising Expense 501 120100 Automobile Expense 19 505 7.275.00 20 Insurance Expense 1,128 00 Maintanence Expense 21 565 325.00 23 Miscellaneous Expense 22 570 140.00 Rent Expense 23 575 11,875.00 25 Utilities Expense 585 24 1,925.00 Interest Expense 25 590 5.04000 26 291,876.10 291,876.10 Supplies Expense 4,381.00 29 31

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