Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

plese help 2. Green Company's unadjusted and adjusted trial balances on December 31 of the current year are as follows: Unadjusted Adjusted Trial Balance Trial

plese help
image text in transcribed
2. Green Company's unadjusted and adjusted trial balances on December 31 of the current year are as follows: Unadjusted Adjusted Trial Balance Trial Balance Debit Credit Debit Cash... 4,000 4,000 Prepaid insurance.. 1,600 1,200 Equipment... 9,000 9,000 Accumulated depreciation- Equipment...... 900 Salaries payable... Unearned repair fees.. 2,500 Repair fees earned.... 10,000 Salaries expense...... 3,500 4,500 Depreciation expense-Equip............... 900 Insurance expense... 700 1,100 Black, Capital 5,400 18,800 18,800 20,700 Required (8 points): 3 Present the four adjusting journal entries that were recorded by Green Company. Credit 1,800 1,000 600 11,900 5,400 20,700

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

General Accounting Financial Accounting

Authors: Bbc Kikumbi Mwepu

1st Edition

6206329488, 978-6206329480

More Books

Students also viewed these Accounting questions

Question

1. What is a security? LOP8

Answered: 1 week ago

Question

2. What are the two main functions of the financial system? LOP8

Answered: 1 week ago