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I dont understand how to do this question please help! Thank you Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Pitman Company UNADJUSTED TRIAL
I dont understand how to do this question please help! Thank you
Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Pitman Company UNADJUSTED TRIAL BALANCE October 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7.420.00 2 Accounts Receivable 38.115.00 - Prepaid Insurance 7,050.00 4 Supplies 1.630.00 5 Land 114.550.00 150.250.00 88.800.00 6 Building 7 Accumulated Depreciation-Building * Equipment 9 Accumulated Depreciation-Equipment 10 Accounts Payable 133,200.00 96,605.00 12,560.00 11 Unearned Rent 7,035.00 12 Jan Pitman, Capital 217.215.00 13 Jan Pitman. Drawing 15.055.00 14 Fees Earned 327,900.00 194.870.00 15 Salaries and Wages Expense 16 Utilities Expense 17 Advertising Expense 18 Repairs Expense 42.345.00 22,335.00 17,690.00 eBook Calculator Instructions Bosne Wayesempelse 174.070.00 42.345.00 22,335.00 16 Utilities Expense 17 Advertising Expense 13 Repairs Expense 17,690.00 19 Miscellaneous Expense 5,605.00 20 Totals 750,115.00 750.115.00 The data needed to determine year-end adjustments are as follows: a Unexpired insurance at October 31, S6,130. . Supplies on hand at October 31, 5615. c Depreciation of building for the year, 57,610. d. Depreciation of equipment for the year, S4,300. e. Unearned rent at October 31, S1,490. Accrued salaries and wages at October 31, $3,040, 9. Fees earned but unbilled on October 31, $10,865. Required: 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable, Rent Revenue, Insurance Expen Depreciation Expense--Building, Depreciation Expense-Equipment and Supplies Expense. Refer to the Chart of Accounts for exact of account titles 2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance Instructions Journal exact wording of account titles PAGE 10 JOURNAL ACCOUNTING EQUATION DATE POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY DESCRIPTION Adjusting Entries 1 2 9 11 14 15 Adjusted Trial Balance 2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance. Pitman Company ADJUSTED TRIAL BALANCE October 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable 3 Prepaid Insurance - Supplies 5 Land 6 Building 7 Accumulated Depreciation-Building Equipment 9 Accumulated Depreciation Equipment 10 Accounts Payable 11 Unearned Rent 12 Salaries and Wages Payable 13 Jan Pitman, Capital 14 Jan Pitman, Drawing 15 Fees Earned 16 Rent Revenue 17 Salaries and Wages Expense 13 Jan Pitman, Capital 14 Jan Pitman, Drawing 15 Fees Earned 16 Rent Revenue 17 Salaries and Wages Expense 18 Utilities Expense 19 Advertising Expense 20 Repairs Expense 21 Depreciation Expense-Building 22 Depreciation Expense-Equipment 23 Insurance Expense 24 Supplies Expense 25 Miscellaneous Expense 26 Totals Step by Step Solution
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