General Ledger and adjusted trial balance.

THE ACCOUNTING CYCLE - ADJUSTING - ACTIVITY 5 Below are a list of transactions for Company that need to be completed as the adjusting entries for the local perioad, ending on June 30 20X9. Transactions Date June 30 20X9 June 30 26x9 June - 30 - 20X9 June - 30 - 20X9 June 10-20X9 June 30 20X9 June 30 20X9 June 30 20X9 June 30 20x9 June-30-20X9 June 30 20X9 June 30 20X9 Description Accounting error realised 550.000 in a chynt towarde salaries expense was recorded as $5,000, Close the inventory expete wecounts for the fiscal period, ending inventory counted at $400,100. 5% of accounts receivable are declared uncollectable Land previously valued at $1,000,000 sold for a profit of S400.00 ilities du for the month in the total of 4,550 All of the office supplies were used up during the fiscal yeat. Building depreciated by 10 of current net book value Rent revenue of $125,000 is collected in advance, but is not dee until the next fiscal period Interest on long-term investments collected at 4.2% Interest revenue on accants receivable is owed at the end of this fiscal period, for $2,170, Average income tax rate calculated at 42 52.665.620 Dividends of $350.000 declared and to be paid out in the next fiscal you. Sheet 4 Sheet 5 Adjusting Entry Transactions Unadjusted Trial Balance Sheet 3 Company R Unadjusted Trial Balance June 30 20X9 Account Debit Credit Cash 2,450.000 Accounts Receivable 1.087.500 Long-Term Investment 3.500.000 Inventory July 20XX balance 49,000 Land 2015.0 Building $70,000 Accumulated Amortization on Building 165.300 Equipment 40,000 Office Supplies 2.100 Accounts Payable 171.000 Bank Loan Payable 431.000 Rent Payable Company Capital 657,700 Company Shares 3.010.000 Dividende Retained Eaming (July 1 2038 balance) 450.000 Revenue 1.665.000 Rest Revenues M60.000 Interest Revenues 4.60 Purchase 130.000 Freight Expense 2.500 Selling Expense 45.600 Salaries Expanse 745,00 Utilities Expense 62.50 Totals 11.467.60 11,467.680 0