Question
Below you will find the Unadjusted Trial Balance of the Jane Doe Printing Company. Jane Doe Printing Company Unadjusted Trial Balance Month Ended December 31,
Jane Doe Printing Company Unadjusted Trial Balance Month Ended December 31, 2020 | ||
Account | Debit | Credit |
Cash | $33,000 | |
Prepaid Insurance | 12,000 | |
Accounts Receivable | 35,500 | |
Supplies | 4,500 | |
Equipment | 35,000 | |
Vehicle | 15,000 | |
Accounts Payable | $21,500 | |
Unearned Revenue | 35,500 | |
Common Stock | 50,000 | |
Dividend | 10,000 | |
Revenue | 85,500 | |
Salary Expense | 25,000 | |
Printing Expense | 18,000 | |
Rent Expense | 2,500 | |
Utilities Expense | 1,250 | |
Auto Expense | 500 | |
Miscellaneous Expense | 250 | |
Total | $192,500 | $192,500 |
Prepare the following adjusting entries in the General Journal and post to the General Ledger.
Record Depreciation on Equipment, $1,000.
Record Depreciation on Vehicle, $250.
Supplies on hand at end of period, $2,000.
Unearned Revenue earned, $20,000.
Billed customers for services, $15,000.
Prepare the Income Statement.
Prepare the Statement of Shareholders Equity.
Prepare the Balance Sheet.
Step by Step Solution
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Step: 1
1 Adjusting Entries in the General Journal and Posting to the General Ledger Adjusting Entry 1 Recor...Get Instant Access to Expert-Tailored Solutions
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