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I dont know if i posted unadjusted trial balances correctly in the t-accounts. My numbers after adding/subtracting the adjusted journal entries aren't right. I just

I dont know if i posted unadjusted trial balances correctly in the t-accounts. My numbers after adding/subtracting the adjusted journal entries aren't right. I just can not figure out where I'm off.. image text in transcribed
image text in transcribed
image text in transcribed
Gatsby, Inc. Unadjusted Trial Balance 12/31/XX Debit Credit Cash 121,550 Accounts Receivable 236,000 Prepaid Insurance Supplies 24,000 4,500 Inventory 85,000 Land 75,000 Building Accumlated Depreciation- Building 200,000 40,000 Equipment Accumlated Depreciation- Equipment 160,000 8,000 Accounts Payable Interest Payable 160,500 0 Wages Payable Unearned Revenue - Alarm Systems 0 45,000 150,000 Long-Term Bank Note Payable 310,000 Common Stock 124,750 Retained Earnings 7,000 Dividends 381,000 Revenue 132,500 Cost of the Goods Sold Depreciation Expense Insurance Expense Interest Expense 0 15,000 24,000 Rent Expense Supplies Expense Utilities Expense 0 9,700 Wage Expense Totals 125,000 $1,219,250 $1,219,250 ASSETS Cash IABILITIES Accounts Payable EQUITY Common Stock Land Unearned Rev Alarms 75,000 luo,so 45,080 19yo00 loo,sbo 15/000 Accounts Receivable Building Interest Payable Long Term Note Payable Retained Earnings 30 000 1000 ao0,00o T44,700 3150 9790 134,15 Prepaid Insurance +,COo Accum Depre- Building Wages Payable 40y000 10,000 Dividends 19,000 1000 Supplies 1000 Equipment luo,000 4500 doo Inventory 4300 Accum Depre- Equipment e5,000 lo 000 4,000 REVENUE EXPENSES Utilities Expense 9,700 Cost of the Goods Sold Depreciation Expense Rent Expense Revenue a, sco a4c0o erD0o 10/006 a4,o00 4.poo 9706 29,cco Wages Expense 12 S/O00 1200 124/200 Interest Expense Supplies Expense Insurance Expense 15,000 37b 43co 6,000 a, 000 3750 4300 PREPARE (in proper form) ADJUSTING JOURNAL ENTRIES HERE Credit Debit Account 1200 A. salaries expen se salaries payable 1200 8. depreciation expense accumulated depreciation 0,00 10,000 C. unearned revenue service revenue 30000 Bocoo D. Insurance expense prepaid insurance E. Accounts teceivable service revenue a9,000 29,000 F.Interest expense interest payable 9750 3750 G. Supplies expen se sappies H. depreciation exp acc depr. build 4300 4300 10,000

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