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Please solve it clear 1.Journalize the adjusting entries (40p) 2.Prepare the adjusted trial balance(20p) QUESTION 2: CUCUMBER, INC. Adjusted Trial Balance October 31, 2012 Cash
Please solve it clear
1.Journalize the adjusting entries (40p) 2.Prepare the adjusted trial balance(20p) QUESTION 2: CUCUMBER, INC. Adjusted Trial Balance October 31, 2012 Cash $27.000 Accounts receivable 69.200 Studio supplies 3.000 Unexpired insurance 600 Prepaid studio rent 4.000 Filming equipment 120.000 Accum deprec: filming equip $42.000 Notes payable 20.000 Interest payable 1200 Accounts payable 2.000 Salary payable 600 Unearned studio revenue 6.200 Capital stock 60.000 Retained earnings 47.200 Studio revenue earned 126.400 Salaries expense 16.600 Supplies expense 1.200 Insurance expense 1.200 Depr expense filming equip 24.000 Studio rent expense 21.000 Interest expense 600 Utilities expense 2.600 Advertising expense 12.000 Total $303.000 ) $303.000 Required: 1.Journalize the closing entries through using the adjusted trial balance given above(20p)Step by Step Solution
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