Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help Howland Company is a mail editor services company owned and operated by anos. On Aug 01. 2018, the end of the current year, Rowland

help
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Howland Company is a mail editor services company owned and operated by anos. On Aug 01. 2018, the end of the current year, Rowland company accounting clerk prepared the following unaste traballo Rowland Company Unadjusted Tralalance August 31, 2018 Debit Credit Balances Balances Cash 4.30 Accountsvabe 39.250 Heard Insurance 17120 Supplies 2.000 Land 115,410 baino 208,230 Accumulated Depreciation-Building 1: 41:020 Equiment 138,690 Accumulated Deprecationen 100.440 Accounts we 12, 110 nearned Tent Contod 00.000 46.200 Dividende 15,300 332.500 Sales and was Expo 570 80,000 146,200 15.300 332590 Common Stock Retained Earnings Dividends Fors Earned Salaries and Wages Expense Utilities Expense Advertising Expense Tepairs Expense Miscellaneous Expense 199,220 43,570 23,280 17.630 6,320 319,540 819.540 The data needed to determine your end adjustments are as follows: Unexpired insurance at August 33. 34.900 Supplies on land of August 31, 5600 Depreciation of busing for the year, 53,240 Depreciation of copment for the yeat 52,810 Hent named at August 31. 1810 Accrued and wages at August 31, 53,170 researed but ur billed on August 31, 518,63 Required: 1. Jomize the adjusting entries using the following adonaccounts and Wages Payotte flent Revenue Insurance Expense Depren pete-Gulding, Depreciation Expense Ement Supplies Expert Nest a b ka [ I III 11 7. Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial bance. It an amount box does not require an entry leave tak Rowland Company Adjusted Trial Balance August 31, 2018 Debit balances Credit Balances Adjusted Trial Balance August 31, 2018 Debit Balances Credit Balances > Totals

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

Financial Markets And Institutions

Authors: Peter Howells, Keith Bain

5th Edition

0273709194, 9780273709190

More Books

Students also viewed these Accounting questions

Question

Describe global employee and labor relations practices.

Answered: 1 week ago