Question
Can you please type the answer Below is the Unadjusted Trial Balance for Wayans Furniture. Please complete the adjusting entries for the June 30, 20XX,
Can you please type the answer
Below is the Unadjusted Trial Balance for Wayans Furniture. Please complete the adjusting entries for the June 30, 20XX, then complete the closing entries.
Wayans Furniture | ||
Trial Balance | ||
June 30 20XX | ||
Account | Debit | Credit |
Bank/Cash | 7750 | |
Accounts Receivable | 15000 | |
Inventory | 33800 | |
Insurance Prepaid | 400 | |
Land | 25000 | |
Building | 54000 | |
Accum Depr Building | 5400 | |
Equipment | 30000 | |
Accum Depr Equipment | 4000 | |
Accounts Payable | 23400 | |
Capital Michael Fraser | 104000 | |
Drawings Michael Fraser | 15700 | |
Sales | 242000 | |
Purchases | 143800 | |
Freight In | 4000 | |
Depreciation Expense | 4700 | |
Advertising Expense | 1600 | |
Bad Debts Expense | 450 | |
Delivery Expense | 1100 | |
Insurance Expense | 900 | |
Property Tax Expense | 3600 | |
Salaries Expense | 37000 | |
Total | 378800 | 378800 |
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