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on 5 Scotsman Company prepares monthly financial statements. Below are listed some selected accounts and their balances in the September 30 trial balance before any
on 5 Scotsman Company prepares monthly financial statements. Below are listed some selected accounts and their balances in the September 30 trial balance before any adjustments have been made for the month of September SCOTSMAN COMPANY Trial Balance (Selected Accounts) September 30, 2018 Debit Credit Supplies 53,200 Prepaid Insurance 4,200 Equipment 16,200 Accumulated Depreciation-Equipment $1,000 Uncathed Rent Revenue 1,200 (Note: Debit column does not equal credito un because this is at ting of selected account balances An analysis of the account balances by the company's accountant provided the following additional Information: 1 A physical count of supplies revealed 51.000 on and on September 30 2 A two-year life insurance policy was purchased on June 1 for $4,000 3. quipment deprecated $3,000 per year The amount of rent received in advance that remains uneared at September 30 i 5500 Using the above additional formation, prepare the adjusting entries that should be made by Scotian Company on September 30. (Credit account title are automatically indented when the amount is entered. Do not indent manually. If no antywird, se No Entry for the account totes and enter for the amounts) No. Art
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