Journal Entries
Date	Account	DR	CR
Oct. 1	Cash	55,000
	Owner's Capital		55,000
Oct. 1	Cash	10,000
	Notes Payable		10,000
Oct.1	Equipment	21,000
	Supplies	8,400
	Cash		29,400
Oct.3	Computer Supplies	1,420
	Accounts Payable		1,420
Oct.6	Accounts Receivable	4,800
	Pest Control Service Revenue		4,800
Oct. 10	No entry
	No entry
Oct. 12	Cash	4,800
	Pest Control Service Revenue		4,800
Oct. 15	Cash	2,400
	Accounts Recievable		2,400
Oct. 17	Repairs & Maintenance	800
	Cash		800
Oct. 20	Advertising Expense	1,900
	Cash		1,900
Oct. 28	Accounts Receivable	2,200
	Pest control service Revenue		2,200
Oct.31	Wages Paid	875
	Cash		875
Oct.31	Owners Drawings	5000
	Cash		5000

Prepare adjusting entries, post to general ledger accounts and worksheet, and prepare Adjusted Trial balance column of worksheet.

A. A count indicates the computer supplies used during the month were $540

B. The estimated useful life of the computer system is 5 years and the equipment is 7 years, record 1 month of depreciation.

C. The bank statement revealed $25 in bank charges.

D. Payroll taxes due for wages paid to Tucker include FICA taxes at 7% and FUTA taxes at 1%.

E. The company received invoices from vendors:

Utility company $ 175

Pesticides 2,800

F. Record interest payable on the note payable.

G. Sandra estimates that 1% of Account tents Receivable will be uncollectible.

1. Record the adjusting journal entries

2. Post the journal entries to the worksheet and the general ledger accounts.

3. Prepare the adjusted trial balance in the worksheet

(Show any calculations in the boxes provided. Use the template provided.)

GENERAL LEDGER ACCOUNTS

CASH

COMPUTER EQUIPMENT

EQUIPMENT

ACCUM

COMPUTER

ACCOUNTS

DEPREC

SUPPLIES

RECEIVABLE

DR

CR

DR

CR

DR

CR

DR

CR

DR

CR

DR

CR

55,000

8,400

800

1,420

4,800

10,000

2,400

4,800

2,200

2,400

29,400

800

1900

875

5000

25

ALLOW FOR

ACCOUNTS PAYABLE

INTEREST PAYABLE

PAYROLL TAXES PAYABLE

NOTES PAYABLE

OWNER'S CAPITAL

BAD DEBTS

DR

CR

DR

CR

DR

CR

DR

CR

DR

CR

DR

CR

1,420

1200

10,000

55,000

OWNER'S

PEST CONTROL SERVICES

REPAIRS

ADVERTISING EXPENSE

COMPUTER SUPPLY EXPENSE

DRAWING

EXPENSE

DR

CR

DR

CR

DR

CR

DR

CR

DR

CR

5,000

1900

DEPRECIATION EXPENSE

BANK

UTILITIES

INTEREST

BAD DEBTS

PESTICIDES

CHARGES

EXPENSE

DR

CR

DR

CR

DR

CR

DR

CR

DR

CR

DR

CR

25

WORKSHEET
	Trial Balance			Adjustments			Adj Trial Balance
	DR	CR		DR	CR		DR	CR
Cash	34,225
Accounts Receivables	4,600
Allowance for Bad Debts
Computer Supplies	1,420
Computer Equipment	21,000
Equipment	8,400
Accumulated Depreciation
Accounts payable		1,420
Payroll taxes payable
Interest payable
Note Payable		10,000
Owner's Capital		55,000
Owner's Drawing	5,000
Pest Control Services		11,800
Pesticides
Advertising Expense	1,900
Bad Debt expense
Bank Charges
Computer Supp Expense
Depreciation Expense
Interest expense
Wage Expense	875
Payroll taxes
Repairs Expense	800
Utilities
	78,220	78,220		-	-		-	-