Good Note Company

UNADJUSTED TRIAL BALANCE

November 30, 2016

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	38,250.00
2	Accounts Receivable	89,500.00
3	Supplies	11,250.00
4	Prepaid Insurance	14,250.00
5	Equipment	290,450.00
6	Accumulated Depreciation-Equipment		94,500.00
7	Automobiles	129,500.00
8	Accumulated Depreciation-Automobiles		54,750.00
9	Accounts Payable		24,930.00
10	Salaries Payable
11	Unearned Service Fees		18,000.00
12	Common Stock		100,000.00
13	Retained Earnings		224,020.00
14	Dividends	75,000.00
15	Service Fees Earned		733,800.00
16	Salaries Expense	516,900.00
17	Rent Expense	54,000.00
18	Supplies Expense
19	Depreciation Expense-Equipment
20	Depreciation Expense-Automobiles
21	Utilities Expense	12,900.00
22	Taxes Expense	8,175.00
23	Insurance Expense
24	Miscellaneous Expense	9,825.00
25	Totals	1,250,000.00	1,250,000.00

Compare the unadjusted trial balance to the adjusted trial balance. Journalize the seven entries that adjusted the accounts at November 30. None of the accounts were affected by more than one adjusting entry. Refer to the Chart of Accounts for exact wording of account titles.

Good Note Company

ADJUSTED TRIAL BALANCE

November 30, 2016

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	38,250.00
2	Accounts Receivable	89,500.00
3	Supplies	2,400.00
4	Prepaid Insurance	3,850.00
5	Equipment	290,450.00
6	Accumulated Depreciation-Equipment		106,100.00
7	Automobiles	129,500.00
8	Accumulated Depreciation-Automobiles		62,050.00
9	Accounts Payable		26,130.00
10	Salaries Payable		8,100.00
11	Unearned Service Fees		9,000.00
12	Common Stock		100,000.00
13	Retained Earnings		224,020.00
14	Dividends	75,000.00
15	Service Fees Earned		742,800.00
16	Salaries Expense	525,000.00
17	Rent Expense	54,000.00
18	Supplies Expense	8,850.00
19	Depreciation Expense-Equipment	11,600.00
20	Depreciation Expense-Automobiles	7,300.00
21	Utilities Expense	14,100.00
22	Taxes Expense	8,175.00
23	Insurance Expense	10,400.00
24	Miscellaneous Expense	9,825.00
25	Totals	1,278,200.00	1,278,200.00

CHART OF ACCOUNTS Good Note Company General Ledger

	ASSETS
11	Cash
12	Accounts Receivable
13	Supplies
14	Prepaid Insurance
16	Equipment
17	Accumulated Depreciation-Equipment
18	Automobiles
19	Accumulated Depreciation-Automobiles
	LIABILITIES
21	Accounts Payable
22	Salaries Payable
23	Unearned Service Fees

	EQUITY
31	Common Stock
32	Retained Earnings
33	Dividends
	REVENUE
41	Service Fees Earned

	EXPENSES
51	Salaries Expense
52	Rent Expense
53	Supplies Expense
54	Depreciation Expense-Equipment
55	Depreciation Expense-Automobiles
56	Utilities Expense
57	Taxes Expense
58	Insurance Expense
59	Miscellaneous Expense

Compare the unadjusted trial balance to the adjusted trial balance. Journalize the seven entries that adjusted the accounts at November 30. None of the accounts were affected by more than one adjusting entry. Refer to the Chart of Accounts for exact wording of account titles.

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JOURNAL

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
1		Adjusting Entries
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I know it's alot but it's just to fill out the chart at the bottom