Question
Clawson Cleaning Company offers security Company to business clients. The following are the UNADJUSTED account balances as of the year ended June 30, 2019. Insurance
Clawson Cleaning Company offers security Company to business clients. The following are the UNADJUSTED account balances as of the year ended June 30, 2019.
Insurance Expense $ - Land $ 200 |
Utilities Expense 6 Equipment 100 |
Supplies Expense - Accum Depreciation 4 |
Prepaid Insurance Expense 12 Accounts Payable 36 |
Wages Payable - Cash 12 |
Rent Expense 9 Accounts Receivable 90 |
Owner Withdrawals 8 Supplies 8 |
Service Revenue 350 Depreciation Expense - |
Wages Expense 180 Miscellaneous Expense 2 |
Owner Capital 240 Advertising Expense 3 |
The data for year-end adjustments are as follows:
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a Service Revenue earned, but not yet billed, not yet paid $25.
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b Supplies on hand at year-end, $2.
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c Insurance premiums expired, $8.
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d Depreciation expense, $2.
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e Employee wages earned, but not yet recorded, not yet paid, $5.
Requirements:
1. Enter unadjusted account balances into the Trial Balance columns of the worksheet. All accounts have a normal balance.
2. Journalize Clawson Cleaning Company's adjusting entries. 3. Enter the adjustment data on the worksheet and complete the remainder of the worksheet. 4. Prepare Clawson Cleaning Company's Income Statement. 5. Prepare Clawson Cleaning Company's Statement of Owner's Equity. 6. Prepare Clawson Cleaning Company's Balance Sheet. 7. Journalize Clawson Cleaning Company's closing journal entries. 8. Prepare Clawson Cleaning Company's Post-Closing Trial Balance.
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