Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Page 1 of 4 Problem 3-03A a-c Print by: Josee Petrillose 201908 ACC_101_1_Merryman: Accounting Principles I - Section 1 - Fall 2019 (ONLINE) / Chapter

image text in transcribed
Page 1 of 4 Problem 3-03A a-c Print by: Josee Petrillose 201908 ACC_101_1_Merryman: Accounting Principles I - Section 1 - Fall 2019 (ONLINE) / Chapter 3 Problems 2 *Problem 3-03A a-C Cuber was organized on July 1, 2020. Quarterly financial statements are prepared. The unadiusted and adjusted trial balances as of September 30 are shown below CULLUMBER CO. Trial Balance September 30, 2020 Unadjusted Dr. Cr. Cash $8,700 Accounts Receivable 10,400 Supplies 1,450 Prepaid Rent 2,150 Equipment 18,300 Accumulated Depreciation-Equipment $ 0 Notes Payable 9,100 Accounts Payable 2,500 Salaries and Wages Payable Interest Payable Unearned Rent Revenue 1,900 Owner's Capital 21,800 Owner's Drawings 1,650 Service Revenue 17,360 Rent Revenue 1,400 Salaries and Wages Expense 7,900 Rent Expense 1,950 Depreciation Expense Supplies Expense Utilities Expense 1,560 Adjusted Dr. Cr. $ 8,700 11,500 700 1,250 18,300 $ 650 9,100 2,500 710 91 1,000 21,800 1,650 18,460 2,300 8,610 2,850 650 750 1,560 91 Interest Expense $ 54,060 $ 54,060 $ 56,611 556,611 Journalize the adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Sept. 30

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

Human Resource Management

Authors: Robert L. Mathis, John H. Jackson

13th Edition

053845315X, 978-0538453158

More Books

Students also viewed these Accounting questions

Question

8. What role does a Tier 1 ISP play in Internet infrastructure?

Answered: 1 week ago