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how would i journalize this? Milbank Repairs & Service UNADJUSTED TRIAL BALANCE June 30, 2019 ACCOUNT TITLE DEBIT CREDIT I Cash 10,310.00 Accounts Receivable 67,890.00
how would i journalize this?
Milbank Repairs & Service UNADJUSTED TRIAL BALANCE June 30, 2019 ACCOUNT TITLE DEBIT CREDIT I Cash 10,310.00 Accounts Receivable 67,890.00 Supplies 16,150.00 Equipment 111.740.00 16.080.00 112.820.00 Fees turned 199 200 Accounts Receivable 67,890.00 Supplies 16,150.00 Equipment 111,740.00 Accounts Payable 16,080.00 Unearned Fees 18,280.00 Nancy Townes, Capital 112,820.00 8 Nancy Townes, Drawing 13,880.00 9 Fees Earned 299,210.00 10 Wages Expense 94,230.00 11 Rent Expense 72.460.00 12 Utilities Expense 51,660.00 13 Miscellaneous Expense 8.070.00 14 Totals 446,390.00 446,390.00 For preparing the adjusting entries, the following data were assembled: Fees earned but unbilled on June 30 were $9.970 Supplies on hand on June 30 were $4.550. For preparing the adjusting entries, the following data were assembled: Fees earned but unbilled on June 30 were 59.970 Supplies on hand on June 30 were $4.550 Depreciation of equipment was estimated to be $6,090 for the year The balance in unearned fees represented the June 1 receipt in advance for services to be provided. During June, $15.260 of the services were provided Unpaid wages accrued on June 30 were $4.780. Required: 1. Journalize the adjusting entries necessary on June 30, 2019. Refer to the Chart of Accounts for exact wording of account titles 2. Determine the revenues, expenses, and net income of Mibank Repairs & Service before the adjusting entries 3. Determine the revenues expenses, and net income of Milbank Repairs & Service after the adjusting entries 4. Determine the effect of the adjusting entries on Nancy Townes Capital 7. Journalize the adjusting entries necessary on June 30, 2019 PAGE 1 JOURNAL ACCOUNTING EQUATION DESCRIPTION POST. REF ASSETS LAITIES EQUITY Adjusting Entries Step by Step Solution
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