Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(ag Requirement 1. Journalize the adjusting entries using the letter and December 31 date in the date column. (Record de Unadjusted trial balance a. Used

image text in transcribed
image text in transcribed
image text in transcribed
(ag Requirement 1. Journalize the adjusting entries using the letter and December 31 date in the date column. (Record de Unadjusted trial balance a. Used office supplies of $1,700. Debit Credit Date Accounts and Explanation Supplies Expense Office Supplies (a) Dec. 31 All Mopped Up Company Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit upar b. Used prepaid insurance of $580. 009 Accounts and Explanation Office Supplies aeg 000 Prepaid Insurance 009 Equipment 000 0 Accumulated Depreciation-Equipment 000 Accounts Payable Salaries Payable 00ss dnbe ppadig Accounts and Explanation Uneamed Revenue Common Stock Credit Dividends (c) Dec 31 Service Revenue 000's 000 S Salaries Expense Supplies Expense 000 4Accrued salaries expense of S310 that han' been paid yet udnbgudguopedag Insurance Expense Choose trom any st or enter any number in the input felds and then continue to the next question 45,400: 45,400 Done Pype here to search d. Accrued salaries expense of $310 that hasn't been paid yet. Debit Credit Date Accounts and Explanation (d) Dec. 31 e. Earned $400 of uneamed revenue. Date Accounts and Explanation Debit upar) (e) Dec. 31 Requirement 2. Post the adjustments to the Taccounts opened for you, entering each adjustment by letter. Show each account's adjusted balance Post the adjusting entries to the T-accounts using the coresponding letters (a) through (e) as posting references. Use a "Bal" posting reference to show the ending balance of each account. Review the adusting entries you prepared in Requirement 1 Accounts Payable Service Revenue Dec. 31 008 2,400 Dec. 31 25.000 Dec. 31 sugddng o Salaries Payable Salaries Expense Choose trom any ist or enter any number in the input telds and then continue to the next question. Type here to search Review the adjusting entries you prepared in Requirement 1 Service Revenue Accounts Payable Cash 2,400 Dec, 31 25,000 Dec. 31 Dec. 31 008 Office Supplies Salaries Payable Salaries Expense Dec. 31 Dec. 31 0007 000'L Prepaid Insurance Unearned Revenue Supplies Expense Dec. 31 700 Dec. 31 009 Equipment Common Stock Depr. Expense- Equipment Dec 31 15,300 Dec. 31 000 0E Accum. Depr.-Equipment Dividends Insurance Expense 2,000 Dec. 31 Dec. 31 000's Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search

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_2

Step: 3

blur-text-image_3

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

International Auditing Standards In The United States Comparing And Understanding Standards For ISA And PCAOB

Authors: Asokan Anandarajan, Gary Kleinman

2nd Edition

1953349323, 9781953349323

More Books

Students also viewed these Accounting questions