Journal entry worksheet 4123 6 7 8 12 June utilities expense of $950 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $950 amount owed must be recorded. Record the required adjusting entry, if any. Note? Enter olebits before credis: The following unadjusted trial balance is for Lee Construction Company at its June 30 current fiscal year-end. The credit balance of the Retained Earnings account was $122,000 on June 30 of the prior year. Information for adjustments is as follows: o. Supplies available at the end of the current fiscal year total $3,500. b. Cost of expired insurance for the current fiscal year is $2,600. c. Annual depreciation on equipment is $32,400 d. June utilities expense of $950 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $950 amount owed must be recorded. e. Employees have earned $5,850 of accrued and unpaid wages at fiscal year-end t. Rent expense incurred and not yet paid or recorded at fiscal year end is $3,000 9. Additional property taxes or $1,950 have been assessed for this fiscai year but have not been paid or recorded at fiscal year-end. h. $300 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. Generaf Ledger tab - Each journal entry is posted automatically to the general hidger. Use the drop-down button to viet the unadjusted, adjusted, or post closing balances. Trial Balance tab - You may view the unadjusted, adjusted, or post dosing tral balances by choosing from the dropdown box below. Your choice will determine the reported values on the financial ptatement taba. Income Statement tab - Use the drop-downs to select the accounts properly included on the income itatemeat. The unadjusted, adjusted or post-ciosing bafances will appear for each account, based on your sulection. Statement of Retained Eamings tab - The unadjusted, adjusted or post-closing balances wil appear for ach account. based on your selection. Balance Sheet tab - Use the drop-downs to select the accounts properly included on the balance shees, The unadjurited. adjusted or post-ciosing balances will appear for each account, based on your selection. Post-Closing tab- Use the drop-downs to indicato whethec each account is included on the post closing trial balarise. Journal entry worksheet 1234 5 6 7 12 $300 accrued interest for June has not yet been paid or recorded. Record the required adjusting entry, if any. Notes Entar debits torore Gedits. Journal entrv worksheet Journal entry worksheet GL0306 (Algo) - Based on Problem 3-8AB LO C2, P1, P2, P3, P4, P5, P6, P8 The following unadjusted trial balance is for Lee Construction Company at its June 30 current fiscai year-end. The credit balance of the Retained Earnings accoupt was $122,000 on June 30 of the prior year. Informetion for adjustments is os follows: Q. Supplies available at the end of the current fiscal year total $3,500. b. Cost of expired insurance for the current fiscal yeor is $2.600 c. Annual depreciation on equipment is $32,400. d. June utilies expense of $950 is not included in the unadjusted trial balance because the bill artived after the triat balance was prepared. The $950 amount owed must be recorded: e. Employees have earned $5,850 of accrued and unpaid wages at fiscal year-end. 1. Rent expense incurred and not yet paid or recorded at fiscal year-end $3,000. Q. Additional property texes or $1.950 have been assessed for this fiscalyeor but have not been paid or recorded at fiscal year end h. $300 accrued interest for June has not yet been paid of recorded. Genecal Journal tab-prepare any necesmary adfuting and closing fntres for the current fiscal year General Ledger tab. Fach journal entry is posted automatically to the general jodger. Uso the diop dokn button to viek the unadjusted, adjusted, or post-closing balancer. Irial Bafarice tab - You may vievi the unadiusted, adjuited, or posticloring triat balances by choosing from the dropidown box belove. Yout choice yill determine the reported values on tie financial statement tabs. Income Statement tab - Use the drop-dovms to relect the accounts properly included on the income statement. The unadjusted, adjusted or postrciosing balances will appear for each account, based on your. 1 election. basad on your selection adjusted of post-cosing balances will appest for a ach sccount bared on vour selection. Journal entry worksheet
