chapter 3, 4

Crawford Production Company
	Unadjusted Trial Balance		Adjustments		Adjusted Trial Balance
Account	Debit	Credit	Debit	Credit	Debit	Credit
Cash	15,000
Prepaid rent	1,000
Equipment	42,000
Accumulated depreciationequipment		6,700
Accounts payable		4,000
Salary payable
Unearned service revenue		8,600
Income tax payable
Notes payable, long-term		11,000
Common stock		8,300
Retained earnings		13,000
Dividends	1,000
Service revenue		13,300				18,300
Salary expense	4,200				4,800
Rent expense	1,700				2,100
Depreciation Expenseequipment					900
Income tax expense					1,800
Total	$64,900	64,900			$9,600	$18,300

1.	Journalize the adjusting and closing entries of Crawford Production Company at December 31. There was only one adjustment to Service Revenue. (Record debits first, then credits. Exclude explanations from any journal entries.)

Journalize the adjusting and closing entries of

Crawford Production Company

at December 31. There was only one adjustment to Service Revenue. (Record debits first, then credits. Exclude explanations from any journal entries.)

Begin with adjusting entries. First, adjust the Service Revenue account.

Journal Entry
Date		Accounts	Debit	Credit
Dec	31