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NEED ANSWERS WITHIN 2 HOURS PLZ Adjusting Entries and Adjusted Thal Balances Rowland Company is a small editorial services company owned and operated by Fran
NEED ANSWERS WITHIN 2 HOURS PLZ
Adjusting Entries and Adjusted Thal Balances Rowland Company is a small editorial services company owned and operated by Fran Brigas. On August 31, 2018, the end of the current year, Rowland Company's bccounting clerk prepared the following unadjusted trial balance: Rowland Company Unadjusted Trial Balance August 31, 2018 Debit Credit Balances Balances Cash 4,140 Accounts Receivable 37.550 Prepaid Insurance 7,000 Supplies 1,910 Land 110,430 Building 199,210 Accumulated Depreciation Building 134,940 Equipment 132,710 Accumulated Depreciation Equipment 96,110 Accounts Payable 11,780 Uneamed Rent 6.650 Common Stock 80,000 Retained Earnings 136,400 Dividends 14,540 Fees Eamed 316,250 Salaries and Wages Experte 189.680 784,160 Salaries and Wages Expense 189,680 Utilities Expense 41,690 Advertising Expense 22,280 Repairs Expense 16,870 Miscellaneous Expense 6,050 784,160 The data needed to determine year-end adjustments are as follows: - Unexpired insurance at August 31, $4,690 Supplies on hand at August 31, $570. Depreciation of building for the year. $3,100. Depreciation of equipment for the year, $2,690. Rent unearned at August 31, $1,740. Accrued salaries and wages at August 31, $3,030. Fees earned but unbilled on August 31, $17,820. Required: 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable Rent Revenue Insurance Expense; Depreciation Expense Building: Depreciation Expense-Equipment, and Supplies Expense. > > > 2. Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted triat balance. If an amount box does not require an entry, travele blank Rowland Company Adjusted Trial Balance August 31, 2018 Debit Balances Credit Balances Total wy Step by Step Solution
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