Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Help me fill in the blanks please Chapter 3 HW Assignments eBook 1. PR.03.01.ALGO Adjusting Entries and Adjusted Trial Balances 2. PR.03.05.ALGO Emerson Company is
Help me fill in the blanks please
Chapter 3 HW Assignments eBook 1. PR.03.01.ALGO Adjusting Entries and Adjusted Trial Balances 2. PR.03.05.ALGO Emerson Company is a small editorial services company owned and operated by Suzanne Emerson. On October 31, 2016, Emerson Company's accounting clerk prepared the following unadjusted trial balance: Emerson Company Unadjusted Trial Balance October 31, 2046 Credit Balances Debit Balances 3,660 33,180 6,190 1,690 97,570 256,020 119,220 Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Rent Suzanne Emerson, Capital , Suzanne Emerson, Drawing Fees Earned 117.250 84,920 10,400 5,900 271,200 12,930 281,180 Check My Work 1 more Check My Work uses remaining 1 . Previous Progress: 2/2 items Assignment Score: 0.0% : % Save and Exit Submit Assignment for Grading Chapter 3 HW Assignments eBook 167,580 1. PR.03.01.ALGO Salaries and Wages Expense Utilities Expense Advertising Expense Repairs Expense Miscellaneous Expense 36,830 19,680 2. PR 03.05. ALGO 14,900 5.340 772,820 772,820 The data needed to determine year-end adjustments are as follows: Unexpired insurance at October 31, $4,150. Supplies on hand at October 31, $510. Depreciation of building for the year, $2,740. Depreciation of equipment for the year, $2,380. Unearned rent at October 31, $1,530. Accrued salaries and wages at October 31, $2,580. Fees earned but unbilled on October 31, $15,750. Required: 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; Depreciation Expense-Building: Depreciation Expense-Equipment; and Supplies Expense. If an amount box does not require an entry, leave it blank. 2016 Oct. 31 31 Check My Work 1 more Check My Work uses remaining Previous Progress: 2/2 items Chapter 3 HW Assignments eBook 1. PR.03.01.ALGO 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; Depreciation Expense-Building; Depreciation Expense-Equipment; and Supplies Expense. If an amount box does not require an entry, leave it blank. 2016 Oct. 31 2. PR.03.05.ALGO 31 31 31 31 31 31 Check My Work 1 more Check My Work uses remaining Previous Progress: 2/2 items Assignment Score: 0.0% Save and Exit Submit Assignment for Grading Chapter 3 HW Assignments eBook 1. PR.03.01.ALGO 2. PR 03.05 ALGO Check My Work Previous Progress: 2/2 items more Check My Work uses remaining, Assignment Score: 0.0% Submit Assignment for GradingStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started