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Informuthon for adjustments is as Follows:The following unadjusted trial balance is for Taylor Construction Company at its June 3 0 current fiscal year - end.
Informuthon for adjustments is as Follows:The following unadjusted trial balance is for Taylor Construction Company at its June current fiscal yearend. The credit balance of
the Retained Earnings account was $ on June of the prior year.
Information for adjustments is as follows:
a Supplies available at the end of the current fiscal year total $
b Cost of expired insurance for the current fiscal year is $
c Annual depreciation on equipment is $
d June utilities expense of $ is not included in the unadjusted trial balance because the bill arrived after the trial balance was
prepared. The $ amount owed must be recorded.
e Employees have earned $ of accrued and unpaid wages at fiscal yearend.
f Rent expense incurred and not yet paid or recorded at fiscal yearend is $
g Additional property taxes of $ have been assessed for this fiscal year but have not been paid or recorded at fiscal yearend.
h $ accrued interest for June has not yet been paid or recorded.
General Journal tab Prepare any necessary adjusting and closing entries for the current fiscal year.
General Ledger tab Each journal entry is posted automatically to the general ledger. Use the dropdown button to view
the unadjusted, adjusted, or postclosing balances.
Trial Balance tab You may view the unadjusted, adjusted, or postclosing trial balances by choosing from the dropdown
box below. Your choice will determine the reported values on the financial statement tabs
Income Statement tab Use the dropdowns to select the accounts properly included on the income statement.
The unadjusted, adjusted or postclosing balances will appear for each account, based on your selection.
Statement of Retained Earnings tab The unadjusted, adjusted or postclosing balances will appear for each account,
based on your selection.
Balance Sheet tab Use the dropdowns to select the accounts properly included on the balance sheet. The unadjusted,
adjusted or postclosing balances will appear for each account, based on your selection.
PostClosing tab Use the dropdowns to indicate whether each account is included on the postclosing trial balance.
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