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i need help with the adjusting entries. thanks! Question 4 of 4 0.29 Enter the December 1 balances in the ledger Taccounts and post the
i need help with the adjusting entries. thanks!
Question 4 of 4 0.29 Enter the December 1 balances in the ledger Taccounts and post the December transactions. (Post entries in the order of jou entries presented above.) Cash 12/1 Bal V 7.500 1270 1.600 12/8 1.900 12/15 2,000 12/10 6600 12/20 2300 12/27 V 12.513 12/23 8,428 12/31 Bal 14,185 Accounts Receivable 12/1 Bal 4.900 12/8 1.900 12/18 v 12.900 12/27 12.900 12/31 Bal 3.000 Inventory 12/1 Bal 12.300 12/10 4,700 12/13 8600 12/18 8.500 12/23 122 12/31 7.528 Supplies 12/1 Bal 120 12/15 2.000 Equipment 12/1 Bal 22.000 12/31 Bal 22.000 Accumulated Depreciation ---Equipment 12/1 Bal 2.200 Accounts Payable 12/23 8600 12/1 Bal 4.800 12/13 V 8,600 12/31 4500 Salaries and Wages Payable 1216 1.000 12/13 1000 Common Stock 12/1 Bal 15.000 12/31 15.000 Retained Earnings 12/1 V 24.900 12/31 24.900 Sales Revenue 12/10 6.600 JO 12/18 12.900 19.500 12/31 Bal Sales Discounts 387 12/27 V 387 12/31 Bal. Cost of Goods Sold 12/10 4.700 12/18 8.500 12/31 Bal 13.200 Salaries and Wages Expense 1216 600 12/20 2,300 Adjustment data 1 2 Accrued salaries payable $800. Depreciation $200 per month. Supplies on hand $1.500 Income tax due and unpaidat December 31 is $100 3. 4 Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation 1 Salary and Wages Expenses 800 300 Salaries and Wages Payable 2 Depreciation Expense 200 200 Accumulated Depreciation Equipment 3 Supplies 1.500 Accounts Payable 1500 4 Income Tax Expense 100 Income Taxes Payable 100 Post the above adjusting entries. (Post entries in the order of joumal entries presented above) Cash 12/1 Bal 7.500 1276 1600 12/8 1.900 12/15 2000 12/10 6,600 12/20 2.300 12/27 12.513 12/23 8428 12/31 Ball 14.185 Accounts Receivable 1.900 12/1 Bal 4.900 12/8 12/18 12.900 12.900 12/27 12/31 Bal 3.000 Inventory 12/1 Bal 4.700 12,300 12/10 12/13 8.500 8.600 12/18 12/23 172 12/31 Bal 7.528 Supplies 12/1 Bal. 1.200 12/15 2.000 1231 Bal Accounts Payable 12/23 8.600 12/1 Bal 4.800 12/13 8,600 12/31 Bal 4800 Salaries and Wages Payable 1.000 12/6 1.000 12/1 Bal Common Stock 12/1 Bal 15.000 12/31 Bai 15.000 Retained Earnings 12/1 Bal 24,900 12/31 Bal 24.900 Sales Revenue 12/10 6,600 12/18 12.900 12/31 Bal 19.500 Sales Discounts 12/27 387 12/31 Bal 387 Cost of Goods Sold 12/10 4.700 12/18 8.500 12/31 Bal 13.200 Salaries and Wages Expense 1216 600 12/20 2.300 Income Taxes Payable V Depreciation Expense V > Supplies Expense V > Income Tax Expense V V Step by Step Solution
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