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Paragraph Styles Exercise 229 Kidman Company prepares monthly financial statements. Below are listed some selected accounts and their balances in the September 30 trial balance
Paragraph Styles Exercise 229 Kidman 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 KIDMAN COMPANY Trial Balance (Selected Accounts) September 30, 2016 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Unearned Rent Revenue Debit Credit $3,200 4,200 16,200 $1,000 1,200 (Note: Debit column does not equal credit column because this is a partial listing of selected account balances) An analysis of the account balances by the company's accountant provided the following additional information: A physical count of supplies revealed $1,400 on hand on September 30, 2.A two-year life insurance policy was purchased on June 1 for $3,600. 3. 1. Equipment depreciated $3,300 per year 4. The amount of rent received in advance that remains unearned at September 30 is $700 using the above additional information, prepare the adjusting entries that should be made by Kidman Company on September 30. (Credit account titles are automtica//y indented when the amount is entered. Do not indent maually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit 5Document1 Word Esc F1 F3 F5 F6 FD Q W ER TY UOP Tab
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