Question
Problem 3-3A (Part Level Submission) Everett Co. was organized on July 1, 2015. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as
Problem 3-3A (Part Level Submission) Everett Co. was organized on July 1, 2015. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. EVERETT CO. Trial Balance September 30, 2015 Unadjusted Adjusted Dr. Cr. Dr. Cr. Cash $ 8,744 $ 8,744 Accounts Receivable 10,463 11,483 Supplies 1,476 618 Prepaid Rent 2,156 1,183 Equipment 18,610 18,610 Accumulated DepreciationEquipment $ - 0 - $ 671 Notes Payable 9,100 9,100 Accounts Payable 2,533 2,533 Salaries and Wages Payable - 0 - 742 Interest Payable - 0 - 91 Unearned Rent Revenue 1,861 1,093 Common Stock 22,260 22,260 Dividends 1,611 1,611 Service Revenue 16,863 17,883 Rent Revenue 1,362 2,130 Salaries and Wages Expense 7,540 8,282 Rent Expense 1,868 2,841 Depreciation Expense 671 Supplies Expense 858 Utilities Expense 1,511 1,511 Interest Expense 91 $ 53,979 $ 53,979 $ 56,503 $ 56,503 (a) Journalize the annual adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Sept. 30 (To record accrued revenue.) Sept. 30 (To record prepaid rent.) Sept. 30 (To record supplies used.) Sept. 30 (To record depreciation.) Sept. 30 (To record interest.) Sept. 30 (To record unearned rent revenue.) Sept. 30 (To record accrued salaries.)
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