Question

1 Approved Answer

Posted on Sep 12, 2024

Please help me Instructions The accountant for Eva's Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial

Please help me image text in transcribed

Instructions The accountant for Eva's Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts of the adjustments are correct. Eva's Laundry Trial Balances May 31, 2018 1 Unadjusted Unadjusted Credit Balances Adjusted Credit Batangas 2 Adjusted Debit Balances $7.710.00 Debit Balances 3 Cash $7.710.00 17785.00 227445 Account recouala Instructions Ujuled Ulldjusted juu 2 Adjusted Debit Balances Credit Balances Debit Balances Credit Balances 5 Cash $7,710.00 $7,710.00 4 Accounts receivable 17,785.00 27,645.00 3,665.00 6,750.00 5,345.00 1.985.00 5 Laundry Supplies Prepaid Insurance > Laundry Equipment Accumulated Depreciation-Laundry Equipment 9 Accounts Payable 10 Wages Payable 190,400.00 177,810.00 $48,335.00 $48,335.00 9,545.00 9.545.00 910.00 11 Common Stock 34,500.00 34,500.00 Instructions 34,500.00 34,500.00 70,930.00 70,930.00 28,280.00 28,280.00 186,700.00 186,700.00 11 Common Stock 12 Retained Earings 13 Dividends 14 Laundry Revenue 15 Wages Expense 16 Rent Expense 17 Utilities Expense 18 Depreciation Expense 19 Laundry Supplies Expense 20 Insurance Expense 49,150.00 49,150.00 25,695.00 25,695.00 18,810.00 18,840,00 12,590.00 3,085.00 275.00 ZA Instructions 186,700.00 186,700.00 49,150.00 49,150.00 25,695.00 25,695.00 14 Laundry Revenue 15 Wages Expense 16 Rent Expense 17 Utilities Expense 18 Depreciation Expense 19 Laundry Supplies Expense 70 Insurance Expense 21 Miscellaneous Expense 18,840.00 18,840,00 12,590.00 3,085.00 275.00 3,140.00 $350,010.00 3,140.00 $357,955.00 22 $350,010.00 $557,955.00 sted inal Balance Identify the errors in the accountant's adjusting entries by preparing a corrected adjusted trial balance. Assume that none of the accounts were affected by more than one adjusting entry. If an amount box does not require an entry, leave it blank Eva's Laundry ADJUSTED TRIAL BALANCE May 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable 3 Laundry Supplies ACCOUNT TITLE DEBIT 1 Cash CREDIT 2 Accounts Receivable 3 Laundry Supplies 4 Prepaid Insurance 5 Laundry Equipment 6 Accumulated Depreciation-Laundry Equipment 7 Accounts Payable 8 Wages Payable 9 Common Stock I 10 Retained Earnings Corrected Adjusted Trial Balance 10 Retained Earnings 11 Dividends 12 Laundry Revenue 13 Wages Expense 14 Rent Expense 15 Utilities Expense 16 Depreciation Expense 17 Laundry Supplies Expense 18 Insurance Expense 19 Miscellaneous Expense I 20 Totals Instructions The accountant for Eva's Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts of the adjustments are correct. Eva's Laundry Trial Balances May 31, 2018 1 Unadjusted Unadjusted Credit Balances Adjusted Credit Batangas 2 Adjusted Debit Balances $7.710.00 Debit Balances 3 Cash $7.710.00 17785.00 227445 Account recouala Instructions Ujuled Ulldjusted juu 2 Adjusted Debit Balances Credit Balances Debit Balances Credit Balances 5 Cash $7,710.00 $7,710.00 4 Accounts receivable 17,785.00 27,645.00 3,665.00 6,750.00 5,345.00 1.985.00 5 Laundry Supplies Prepaid Insurance > Laundry Equipment Accumulated Depreciation-Laundry Equipment 9 Accounts Payable 10 Wages Payable 190,400.00 177,810.00 $48,335.00 $48,335.00 9,545.00 9.545.00 910.00 11 Common Stock 34,500.00 34,500.00 Instructions 34,500.00 34,500.00 70,930.00 70,930.00 28,280.00 28,280.00 186,700.00 186,700.00 11 Common Stock 12 Retained Earings 13 Dividends 14 Laundry Revenue 15 Wages Expense 16 Rent Expense 17 Utilities Expense 18 Depreciation Expense 19 Laundry Supplies Expense 20 Insurance Expense 49,150.00 49,150.00 25,695.00 25,695.00 18,810.00 18,840,00 12,590.00 3,085.00 275.00 ZA Instructions 186,700.00 186,700.00 49,150.00 49,150.00 25,695.00 25,695.00 14 Laundry Revenue 15 Wages Expense 16 Rent Expense 17 Utilities Expense 18 Depreciation Expense 19 Laundry Supplies Expense 70 Insurance Expense 21 Miscellaneous Expense 18,840.00 18,840,00 12,590.00 3,085.00 275.00 3,140.00 $350,010.00 3,140.00 $357,955.00 22 $350,010.00 $557,955.00 sted inal Balance Identify the errors in the accountant's adjusting entries by preparing a corrected adjusted trial balance. Assume that none of the accounts were affected by more than one adjusting entry. If an amount box does not require an entry, leave it blank Eva's Laundry ADJUSTED TRIAL BALANCE May 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable 3 Laundry Supplies ACCOUNT TITLE DEBIT 1 Cash CREDIT 2 Accounts Receivable 3 Laundry Supplies 4 Prepaid Insurance 5 Laundry Equipment 6 Accumulated Depreciation-Laundry Equipment 7 Accounts Payable 8 Wages Payable 9 Common Stock I 10 Retained Earnings Corrected Adjusted Trial Balance 10 Retained Earnings 11 Dividends 12 Laundry Revenue 13 Wages Expense 14 Rent Expense 15 Utilities Expense 16 Depreciation Expense 17 Laundry Supplies Expense 18 Insurance Expense 19 Miscellaneous Expense I 20 Totals