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Please help me solve this question! Thank you. Assume the unadjusted and adjusted trial balances for Movie Magic, Inc., at April 30, 2018, show the
Please help me solve this question! Thank you.
Assume the unadjusted and adjusted trial balances for Movie Magic, Inc., at April 30, 2018, show the following data: (Click the icon to view the unadjusted and adjusted trial balances. Requirement 1. Journalize the adjusting entries that account for the differences between the two trial balances. (Record debits first, then credits. Exclude explanations from any Journal entries.) The first difference occurs in the Supplies account. Joumalize the adjustment to Supplies and the related account Journal Entry Date Accounts Debit Credit Apr The second difference occurs in the Prepaid rent account. Journalize the adjustment to Prepaid rent and the related account. Journal Entry Date Accounts Debit Credit Apr Assume the unadjusted and adjusted trial balances for Movie Magic, Inc., at April 30, 2018, show the following data: (Click the Icon to view the unadjusted and adjusted trial balances.) Requirement 1. Journalize the adjusting entries that account for the differences between the two trial balances. (Record debits first, then credits. Exclude explanations from any journal entries.) The third difference occurs in the Accumulated depreciation, equipment account. Journalize the adjustment to Accumulated depreciation, equipment and the related account. Journal Entry Date Accounts Debit Credit Apr The fourth difference occurs in the Salaries payable account. Journalize the adjustment to Salaries payable and the related account. Journal Entry Date Accounts Debit Credit Apr The fifth difference occurs in the Interest payable account. Journalize the adjustment to Interest payable and the related account. Journal Entry Date Accounts Debit Credit Apr The sixth and final difference occurs in the Unearned service revenue account. Journalize the adjustment to Unearned service revenue and the related account. Journal Entry Date Accounts Debit Credit Apr Data table Movie Magic, Inc. Trial Balance April 30, 2018 Unadjusted Adjusted Trial Balance Trial Balance Account Dr. Cr. Dr. Cr. Cash $ 7,400 $ 7,400 Accounts receivable 5,800 5,800 4,100 900 3,200 2,400 18,000 18,000 $ $ 3,500 $ 4,750 Supplies Prepaid rent Equipment Accumulated depreciation, equipment Accounts payable Salaries payable Interest payable Unearned service revenue 4,000 4,0001 1,000 190 3,800 2,200 Notes payable 9,000 9,000 Common stock 3.000 3. Onn Print Done Data table Prepara rent 3,200 2,400 18,000 18,000 Equipment Accumulated depreciation, equipment $ $ 3,500 $ 4,750 4,000 4,000 Accounts payable Salaries payable 1,000 Interest payable 190 Unearned service revenue 3,800 2,200 Notes payable 9,000 9,000 Common stock 3,000 3,000 Retained earnings 4,100 4,100 Dividends 14,400 14,400 Service revenue 53,400 55,000 Salaries expense 21,300 20,300 4,200 Rent expense 5,000 Depreciation expense, equipment 2,500 3,750 Interest expense 900 1,090 3,200 Supplies expense $ 80,800 $ 80,800 $ 83,240$ 83,240 Total Print DoneStep by Step Solution
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