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Mckenny Automobiles Unadjusted Trial Balance 31-Dec-21 Debit Credit $ 7,000 35,000 22,000 200,000 21,600 345,000 42,000 Account Account Payable Accumulated depreciation on buildings Accumulated depreciation
Mckenny Automobiles Unadjusted Trial Balance 31-Dec-21 Debit Credit $ 7,000 35,000 22,000 200,000 21,600 345,000 42,000 Account Account Payable Accumulated depreciation on buildings Accumulated depreciation on equipment Comon Stock Retained Earnings Service Revenue Unearned Service Revenue Accounts Receivable Buildings Cash Equipment Insurance Expense Land Prepaid Rent Rent Expense Supplies $ 40,000 300,000 14,000 240,000 6,000 45,000 4,500 22,000 1,100 672,600 $ 672,600 Buildings and Equipment depreciation was $20,000 and $24,000 1/3 of the prepaid rent had expired by December 31. There are still $400 of supplies on 12/31 $24,000 of the unearned service revenue had been earned by December 31. The company had earned $25,000 of service revenue that had not been previously billed. Using the informations provided above prepare adjusting journal entries for the year ended December 31, 2021 and an adjusted trial balance
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