Chapter 3 Homework Q(8)

Adjusting entriesandadjusted trial balances

Chrome File Edit View History Bookmarks Profiles Tab Window Help TO Sun 12:53 AM QE ... Bb Lessons / Assignments - 20215 x CengageNOWv2 | Online teach x Cengage Learning X + O C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false r Paused ... Chapter 3 Homework eBook Print Item Adjusting entries and adjusted trial balances ? Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions X Emerson Company is a small editorial services company owned and operated by Suzanne Emerson. On October 31, 20Y6, Emerson Company's accounting clerk prepared the following unadjusted trial balance: Emerson Company UNADJUSTED TRIAL BALANCE October 31, 20Y6 ACCOUNT TITLE DEBIT CREDIT Cash 6,820.00 2 Accounts Receivable 34,940.00 3 Prepaid Insurance 6,550.00 Supplies 1,800.00 5 Land 102,400.00 6 Building 273,200.00 Accumulated Depreciation-Building 79.660.00 Previous Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading WChrome File Edit View History Bookmarks Profiles Tab Window Help TO Sun 12:53 AM QE ... Bb Lessons / Assignments - 20215 x CengageNOWv2 | Online teach x Cengage Learning X + O C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false r Paused ... Chapter 3 Homework eBook Print Item Adjusting entries and adjusted trial balances ? Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions X 7 Accumulated Depreciation-Building 79,660.00 8 Equipment 123,110.00 Accumulated Depreciation-Equipment 89,130.00 10 Accounts Payable 11,060.00 11 Unearned Rent 6,140.00 12 Suzanne Emerson, Capital 338,000.00 13 Suzanne Emerson, Drawing 14,000.00 14 Fees Earned 295,320.00 15 Salaries and Wages Expense 175,950.00 16 Utilities Expense 38,560.00 17 Advertising Expense 20,750.00 18 Repairs Expense 15,700.00 19 Miscellaneous Expense 5,530.00 20 Totals 819,310.00 819,310.00 Assignment Score: 0.0% Email Instructor Save and Exit Submit Assig W OChrome File Edit View History Bookmarks Profiles Tab Window Help TO Sun 12:53 AM QE ... Bb Lessons / Assignments - 20215 x CengageNOWv2 | Online teach x Cengage Learning X + O C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false r Paused ... Chapter 3 Homework eBook Print Item Adjusting entries and adjusted trial balances ? Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions X The data needed to determine year-end adjustments are as follows: a. Unexpired insurance at October 31, $550. b. Supplies on hand at October 31, $610. c. Depreciation of building for the year, $10,920. d. Depreciation of equipment for the year, $7,830. e. Unearned rent at October 31, $2,050. f. Accrued salaries and wages at October 31, $2,550. g. Fees earned but unbilled on October 31, $9,140. Required: 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable, Rent Revenue, Insurance Expense, Depreciation Expense-Building, Depreciation Expense-Equipment and Supplies Expense. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. 2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance. Assignment Score: 0.0% Email Instructor Save and Exit Submit Assign W OChrome File Edit View History Bookmarks Profiles Tab Window Help TO Sun 12:53 AM QE ... Bb Lessons / Assignments - 20215 x CengageNOWv2 | Online teach x Cengage Learning X + O C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false r Paused ... Chapter 3 Homework eBook Print Item Adjusting entries and adjusted trial balances ? Instructions Chart of Accounts Journal Adjusted Trial Balance Chart of Accounts X CHART OF ACCOUNTS Emerson Company General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 42 Rent Revenue 13 Prepaid Insurance 14 Supplies EXPENSES 15 Land 51 Salaries and Wages Expense 16 Building 52 Utilities Expense 17 Accumulated Depreciation-Building 53 Advertising Expense 18 Equipment 54 Repairs Expense 19 Accumulated Depreciation-Equipment 65 Depreciation Expense-Building 56 Depreciation Expense-Equipment LIABILITIES 57 Insurance Expense 21 Accounts Payable 58 Supplies Expense Previous Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading WChrome File Edit View History Bookmarks Profiles Tab Window Help O Sun 12:53 AM QE ... Bb Lessons / Assignments - 20215 x CengageNOWv2 | Online teach x Cengage Learning X + O C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false r Paused ... Chapter 3 Homework eBook Print Item ? Chart of Accounts X 14 Supplies EXPENSES 15 Land 51 Salaries and Wages Expense 16 Building 52 Utilities Expense 17 Accumulated Depreciation-Building 53 Advertising Expense 18 Equipment 54 Repairs Expense 19 Accumulated Depreciation-Equipment 55 Depreciation Expense-Building 56 Depreciation Expense-Equipment LIABILITIES 57 Insurance Expense 21 Accounts Payable 58 Supplies Expense 22 Unearned Rent 59 Miscellaneous Expense 23 Salaries and Wages Payable EQUITY 31 Suzanne Emerson, Capital 32 Suzanne Emerson, Drawing Previous Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading WChrome File Edit View History Bookmarks Profiles Tab Window Help O Sun 12:53 AM QE ... Bb Lessons / Assignments - 20215 x CengageNOWv2 | Online teach x Cengage Learning X + O C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false r Paused ... Chapter 3 Homework eBook Print Item Adjusting entries and adjusted trial balances ? Instructions Chart of Accounts Journal Adjusted Trial Balance Journal X 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable, Rent Revenue, Insurance Expense, Depreciation Expense-Building, Depreciation Expense-Equipment and Supplies Expense. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 Adjusting Entries 3 4 Previous Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading WChrome File Edit View History Bookmarks Profiles Tab Window Help TO Sun 12:54 AM QE ... Bb Lessons / Assignments - 20215 x CengageNOWv2 | Online teach x Cengage Learning X + O C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false r Paused ... Chapter 3 Homework eBook Print Item ? Journal X 5 14 15 Previous Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading WChrome File Edit View History Bookmarks Profiles Tab Window Help TO Sun 12:54 AM QE ... Bb Lessons / Assignments - 20215 x CengageNOWv2 | Online teach x Cengage Learning X + O C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false r Paused ... Chapter 3 Homework eBook Print Item Adjusting entries and adjusted trial balances ? Instructions Chart of Accounts Journal Adjusted Trial Balance Adjusted Trial Balance X 2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance. Emerson Company ADJUSTED TRIAL BALANCE October 31, 20Y6 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable 3 Prepaid Insurance 4 Supplies 5 Land 6 Building 7 Accumulated Depreciation-Building 8 Equipment 9 Accumulated Depreciation-Equipment Previous Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading WChrome File Edit View History Bookmarks Profiles Tab Window Help TO Sun 12:54 AM QE ... Bb Lessons / Assignments - 20215 x CengageNOWv2 | Online teach x Cengage Learning X + O C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false r Paused ... Chapter 3 Homework eBook Print Item Adjusting entries and adjusted trial balances ? Instructions Chart of Accounts Journal Adjusted Trial Balance Adjusted Trial Balance X 6 Building 7 Accumulated Depreciation-Building 8 Equipment 9 Accumulated Depreciation-Equipment 10 Accounts Payable 11 Unearned Rent 12 Salaries and Wages Payable 13 Suzanne Emerson, Capital 14 Suzanne Emerson, Drawing 15 Fees Earned 16 Rent Revenue 17 Salaries and Wages Expense 18 Utilities Expense 19 Advertising Expense 20 Repairs Expense Assignment Score: 0.0% Email Instructor Save and Exit Submit Assig W OChrome File Edit View History Bookmarks Profiles Tab Window Help TO Sun 12:54 AM QE ... Bb Lessons / Assignments - 20215 x CengageNOWv2 | Online teach x Cengage Learning X + O C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false r Paused ... Chapter 3 Homework eBook Print Item Instructions Chart of Accounts Journal Adjusted Trial Balance ? Adjusted Trial Balance X 13 Suzanne Emerson, Capital 14 Suzanne Emerson, Drawing 15 Fees Earned 16 Rent Revenue 17 Salaries and Wages Expense 18 Utilities Expense 19 Advertising Expense 20 Repairs Expense 21 Depreciation Expense-Building 22 Depreciation Expense-Equipment 23 Insurance Expense 24 Supplies Expense 25 Miscellaneous Expense 26 Totals Assignment Score: 0.0% Email Instructor Save and Exit Submit Assig W O