HP Cat Cuito A Conditional Formatting - Promas Table lili HI WE 29 o 22 Aigner Tube M 33 A B G 1 Tom knew that accounting was based on accruals and some adjustments were needed at the end of September 2 The following information is provided to prepare the adjusting entries at the end of September 2015 3 1 30-Sep 5 1 Recognize the rent expense for the month of September 6 2 Cleaning equipment is depreciated for 5 years. The salvage value is zero. The company uses straight line depreciation method The truck is depreciated for 5 years. The salvage value is $3,000. The company uses straight line depreciation B 4 Recognize the insurance expense for the month of September 5 Recognize the revenue from 1 month service that has been provided to a client from September 2 transaction. 10 6 At the end of September, the company has $6,500 supplies available. 11 7 The company pays $2,000 salary every Friday, September 30 is Monday. 12 8 The company has provided a $5,000 service to a client that has not been billed. 13 14 Required: 15 1 Prepare the adjusting entries 16 2 Post the adjustments to the General Ledger 17 3 Calculate the adjusted balances for the affected accounts 18 4 Prepare the Adjusted Trial Balance for Wayzata Cleaning, Inc. at September 31, 2015 19 S Prepare the Financial Statements for Wayzata Cleaning, Inc. ending and on September 31, 2015 20 21 22 23 24 25 26 27 29 30 31 22 Requirement Parti Adjusting Entries Tu Balance Financial Statements Type here to search O Hie wayout M Conditional Formatting Accounting romata 1 A A 2 $ - % -28 Font Col Style HI 3 84 Ole M L ORE 14.00.00 OT 144 1. 2 Ava 13000 dow LO Depre too Dar 1 M Financial Statements Requirement Partt Adjusting Entries That Balance B Calibri Accounting 12 VA A ilillil B 1 lillil 191 $ Parte de 89 86 Clipboard Font Alignment Number B30 fo B C E 2 3 4 Wayzata Cleaning, Inc. Adjusted Trial Balance September 30, 2015 Debit Credit 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Accumulated Depreciation - Cleaning Eqp Truck Accumulated Depreciation - Truck Accounts Payable Salary Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Utility Expense Advertising Expense Miscellaneous Expense Salary Expense + Total 33 Requirement Parts Adjusting Entries Trial Balance Financial Statements 4 EE Type here to search o . Home D PL Fom View there Auto WE - $ . % * 21 Date D. 5 22 For the Month Ended September 10, 2015 G H 1 3 Wayrata Cleaning Income Statement For the Month Ended September 30, 2015 Wayrata Cleaning Balance Sheet September 30, 2015 Liabilities Account Payables 7 8 Service Revenue Expenses Uulity Expense Advertising Expense Miscellaneous Expense Salary Expense Assets Cash Account receivables Supplies Prepaid Rent Prepaid Insurance TotalCA Uneamed Service Revenge Total Current Liabilities 10 12 13 14 13 16 Equity Common Stock Rendamine Total Equity Total Expenses Net Income Cleaning Equipment less Accumulated Depreciation.com Truck Les Accumulated Depreciation Truck Total Total Asus Total Debt. 18 19 120 23 Wayata Cleaning Statement of Retained Earnings For the Month Ended September 30, 2015 23 24 25 25 Beginning Retained Earnings Net Income Total Dividends Ending Retained Earnings 28 29 9 31 Thalana Facial Statements Type here to search 0 0 HP Cat Cuito A Conditional Formatting - Promas Table lili HI WE 29 o 22 Aigner Tube M 33 A B G 1 Tom knew that accounting was based on accruals and some adjustments were needed at the end of September 2 The following information is provided to prepare the adjusting entries at the end of September 2015 3 1 30-Sep 5 1 Recognize the rent expense for the month of September 6 2 Cleaning equipment is depreciated for 5 years. The salvage value is zero. The company uses straight line depreciation method The truck is depreciated for 5 years. The salvage value is $3,000. The company uses straight line depreciation B 4 Recognize the insurance expense for the month of September 5 Recognize the revenue from 1 month service that has been provided to a client from September 2 transaction. 10 6 At the end of September, the company has $6,500 supplies available. 11 7 The company pays $2,000 salary every Friday, September 30 is Monday. 12 8 The company has provided a $5,000 service to a client that has not been billed. 13 14 Required: 15 1 Prepare the adjusting entries 16 2 Post the adjustments to the General Ledger 17 3 Calculate the adjusted balances for the affected accounts 18 4 Prepare the Adjusted Trial Balance for Wayzata Cleaning, Inc. at September 31, 2015 19 S Prepare the Financial Statements for Wayzata Cleaning, Inc. ending and on September 31, 2015 20 21 22 23 24 25 26 27 29 30 31 22 Requirement Parti Adjusting Entries Tu Balance Financial Statements Type here to search O Hie wayout M Conditional Formatting Accounting romata 1 A A 2 $ - % -28 Font Col Style HI 3 84 Ole M L ORE 14.00.00 OT 144 1. 2 Ava 13000 dow LO Depre too Dar 1 M Financial Statements Requirement Partt Adjusting Entries That Balance B Calibri Accounting 12 VA A ilillil B 1 lillil 191 $ Parte de 89 86 Clipboard Font Alignment Number B30 fo B C E 2 3 4 Wayzata Cleaning, Inc. Adjusted Trial Balance September 30, 2015 Debit Credit 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Accumulated Depreciation - Cleaning Eqp Truck Accumulated Depreciation - Truck Accounts Payable Salary Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Utility Expense Advertising Expense Miscellaneous Expense Salary Expense + Total 33 Requirement Parts Adjusting Entries Trial Balance Financial Statements 4 EE Type here to search o . Home D PL Fom View there Auto WE - $ . % * 21 Date D. 5 22 For the Month Ended September 10, 2015 G H 1 3 Wayrata Cleaning Income Statement For the Month Ended September 30, 2015 Wayrata Cleaning Balance Sheet September 30, 2015 Liabilities Account Payables 7 8 Service Revenue Expenses Uulity Expense Advertising Expense Miscellaneous Expense Salary Expense Assets Cash Account receivables Supplies Prepaid Rent Prepaid Insurance TotalCA Uneamed Service Revenge Total Current Liabilities 10 12 13 14 13 16 Equity Common Stock Rendamine Total Equity Total Expenses Net Income Cleaning Equipment less Accumulated Depreciation.com Truck Les Accumulated Depreciation Truck Total Total Asus Total Debt. 18 19 120 23 Wayata Cleaning Statement of Retained Earnings For the Month Ended September 30, 2015 23 24 25 25 Beginning Retained Earnings Net Income Total Dividends Ending Retained Earnings 28 29 9 31 Thalana Facial Statements Type here to search 0 0
