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enter the unadjusted balances from the trial balance and post the adjusting entries to the t accounts and post the closing entries to tye t
enter the unadjusted balances from the trial balance and post the adjusting entries to the t accounts and post the closing entries to tye t accounts.
Required information [The following information applies to the questions displayed below.] Jaguar Auto Company provides general car maintenance to customers. The company's fiscal year-end is December 31 The December 31, 2021, trial balance (before any adjusting entries) appears below. Credits Debits $103,000 17,500 28,000 25,000 105,000 $ 47,000 13,500 60,500 Accounts Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries Payable Deferred Revenue Interest Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Depreciation Expense Insurance Expense Supplies Expense Utilities Expense Interest Expense Totals 36,000 58,000 11,500 5,500 237,000 166,500 0 8 0 13,000 $463,500 $463,500 In addition, the company had the following year-end adjusting entries Debits 1A SAN Credits Ennen Debits Credits 10,500 10,500 4,500 4,500 1,500 a. Depreciation Expense Accumulated Depreciation b. Salaries Expense Salaries Payable c. Interest Expense Interest Payable d. Insurance Expense Prepaid Insurance e. Supplies Expense Supplies f. Deferred Revenue Service Revenue 1,500 20,500 20,500 22,500 22,500 15,500 15,500 Required: 1., 2. & 6. Enter the unadjusted balances from the trial balance and post the adjusting entries to the Taccounts and post the closin entries to the T-accounts Cash 103.000 Accounts Receivable 17,500 Beg Bali Beg Bal End Bal 103,000 End Bal 17.500 Supplies 28,000 Beg Bal Beg Bal Prepaid Insurance 25,000 20,500 ADJ. Fnd Ral 28.0001 Fnd Ral 4.500 Prey 1 23 4 of 4 Next > Required information Equipment 105,000 Beg Bal Beg Bal Accumulated Depreciation 47 000 10,500 ADJ a 105,000 End Bal 57,500 End Bal Accounts Payable Salaries Payable Beg Bal Beg Bal 4,500 ADJ b. 0 End Bal 4,500 End Bal Interest Payable Deferred Revenue 60,500 Beg Bal Beg Bat 1,500 ADJ C PADJ. 60,500 End, Bal 1,500 End Bal Common Stock Notes Payable 36.000 Beg Bal 58,000 Beg Bal 36,000 End Bal 58,000 End, Bal Prey 1 CE 23 4 of 4 Next > Required information Dividends Retained Earnings 11,500 Beg Bal 5,500 Beg Bal ci entry CL entry 11,500 End Bal 5,500 End Bal Service Revenue 237.000 ADJI Beg Bal Salaries Expense 166,500 4,500 Beg Bal ADJ D 237,000 End Bal 171.000 End Bal Insurance Expense Depreciation Expense Beg Bal Beg Bal ADJ d. 20,500 TADJ. a 10,500 10,500 End Bal 20,500 End Bal Utilities Expense Supplies Expense Beg Bal Beg Bal 13,000 CI entry ADJ. e 22,500 13,000 End. Bal 22,500 End Bal S Prey 1 2 3 4 of 4 HE Next I! 4 in A Required information Depreciation Expense Insurance Expense Beg Bal Beg Bal ADJ. a 10,500 ADJ. d 20,500 End Bal 10,500 End Bal 20,500 Supplies Expense Utilities Expense Beg Bal Beg Bal TADJ, e 22,500 13,000 CL entry 13,000 End Bal 22,500 End Bal Interest Expense Beg Bal ADJ. 1,500 End B 1,500 Step by Step Solution
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