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Content Area Kirk Enterprises offers rug cleaning services to business clients. Using the following adjustment data and spreadsheet, journalize the required adjusting entries. If an
Content Area Kirk Enterprises offers rug cleaning services to business clients. Using the following adjustment data and spreadsheet, journalize the required adjusting entries. If an amount box does not require an entry, leave it blank. Adjustments: a. Depreciation expense, $1,000. b. Wages accrued but not paid, $2,000. c. Supplies on hand, $8,000. d. Of the unearned revenue, 75% has been earned. e. Unexpired insurance at July 31, $9,000. Kirk Enterprises End-of-Period Spreadsheet For the Year Ended July 31 Line Item Description Unadjusted Trial Balance Debit Unadjusted Trial Balance Credit Adjustments Debit Adjustments Credit Adjusted Trial Balance Debit Adjusted Trial Balance Credit Cash 36,000 Prepaid Insurance 12,000 Accounts Recei
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