Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 3-09 (Video) The trial balance for Marigold Corp. is shown below. Marigold Corp. Trial Balance October 31, 2020 Credit Debit $15,000 2,300 800 4,500

image text in transcribed
image text in transcribed
Exercise 3-09 (Video) The trial balance for Marigold Corp. is shown below. Marigold Corp. Trial Balance October 31, 2020 Credit Debit $15,000 2,300 800 4,500 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends $4,600 2,800 1,700 7,500 -0- 600 11,700 Service Revenue Salaries and Wages Expense Rent Expense 4,200 900 $28,300 $28,300 Assume the following adjustment data. 1 Supplies on hand at October 31 total $300. search BI WWW 1. 2. 3. 4. Supplies on hand at October 31 total $300. Expired insurance for the month is $100. Depredation for the month is $70. Services related to unearned service revenue in October worth $600 were performed. Services performed but not recorded at October 31 are $200. Interest accrued at October 31 is $80. Accrued salaries at October 31 are $1,700. Prepare the adjusting entries for the items above assuming financial statements are computed each month. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 5. 7. No. Date Account Titles and Explanation Debit Credit 1. Oct. 31 2. Oct. 31 3. Oct. 31 4. Oct. 31

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Accounting And Auditing Forms

Authors: Wendell

1st Edition

0882621769, 978-0882621760

More Books

Students also viewed these Accounting questions

Question

1. Discuss the four components of language.

Answered: 1 week ago

Question

f. What stereotypes were reinforced in the commercials?

Answered: 1 week ago