Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

kirk enterpises offers rug cleaning services to business clients. below is the adjustments data for the year ended July 31. using this information along with

kirk enterpises offers rug cleaning services to business clients. below is the adjustments data for the year ended July 31. using this information along with the spreadsheet below , record the adjusting entries in proper general hournal form.
adjustments.
(a) depreciation expense , $1000
(b) wages accured , but not paid , $2000
(c) supplies on hand , $8000
(d) of the unearned revenue , 75% has been earned.
(e) unexpired insurance at July 31 ,$9000 image text in transcribed
Kirk Enterprises End-of-Period Spreadsheet For the Year Ended July 31 Adjusted Trial Balance Unadjusted Trial Balance Adjustments Debit Credit Debit Credit Debit Credit Cash 36,000 Prepaid Insurance 12,000 Accounts Receivable 56,000 Supplies 12,000 60,000 Equipment Accumulated Depreciation 12,000 Unearned Revenue 20,000 Accounts Payable 32,000 Wages Payable Common Stock 84,000 Dividends 4.000 Service Revenue 80,000 Advertising Expense 28,000 20,000 Wage Expense Insurance Expense Supplies Expense Depreciation Expense Totals 228,000 228,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Patrick R. Wheeler, Ulric J. Gelinas, Richard B. Dull, Dull Gelinas Wheeler

International 10th Edition

017035539X, 9780170355391

More Books

Students also viewed these Accounting questions

Question

How do the events of normal aging affect life satisfaction?

Answered: 1 week ago

Question

8.7 Evaluate at least five traditional training techniques.

Answered: 1 week ago

Question

8.5 Identify the five-step training process.

Answered: 1 week ago