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First, record A through E in adj Journal. Typical format using dates (a-e), account and explanations, debit, and credit going across. Then complete the worksheet
First, record A through E in adj Journal. Typical format using dates (a-e), account and explanations, debit, and credit going across. Then complete the worksheet by using the newly created adj journal and previous trial balances I put a picture of below. 1/2 of the job for question e is 2500
Part II Adjusting entries and using a worksheet Using the attached general journal and worksheet, record the following adjustments for the end of April for the Betts Corporation: a. Unpaid wages for the second half of April that will be paid the first week in May is $4,000. b. A count of supplies on hand at the end of the month is $520. c. Depreciation on the equipment purchased for the month is $400. d. One month of the insurance policy purchased at the beginning of the month has expired. e. Betts performed one-half of the job for the customer that prepaid in April. 1. Record the adjustments using the attached journal. 2. Complete the worksheet to arrive at the adjusted trial balance. \begin{tabular}{|l|r|r||} \hline \hline \multicolumn{2}{|c|}{ Betts Corporation Trial Balance April 30, 2022 } \\ \hline \multicolumn{1}{|c|}{ Account } & \multicolumn{2}{c|}{} \\ \hline cash #11 & Debit & Credit \\ \hline unearned revenue #23 & 40,050 & \\ \hline common stock #31 & & 8,000 \\ \hline account recevable & & 40,000 \\ \hline supplies #13 & 1,300 & \\ \hline service revenue #41 & & 10,000 \\ \hline wages #51 & 4,000 & \\ \hline prepaid insurance #14 & 4,800 & \\ \hline advertising expence #52 & 1,200 & \\ \hline equipment #17 & 12,000 & \\ \hline telephone expence #53 & 350 & \\ \hline account payable #21 & & \\ \hline electricity #54 & 1,600 & \\ \hline retained earnings #32 & & \\ \hline \end{tabular}
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