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Question 14 (20 points if you need Kidman Company prepares mor Doints you need additonal space, use page company prepares monthly financial statements Below are
Question 14 (20 points if you need Kidman Company prepares mor Doints you need additonal space, use page company prepares monthly financial statements Below are listed some before any adjustments have come "selected accounts and their balances in the September 30 trial balance " adjustments have been made for the month of September KIDMAN COMPANY "Unadjusted" Trial Balance (Selected Accounts) September 30, 2019 Debit Credit $5,000 Equipment... 3,150 Accumulated Depreciation Equipment.... 16,200 Unearned Rent Revenue..... $1,100 1,200 Supplies. Prepaid Insurance * Note: Debit column does not equal credit column because this is a partial listing of selected account balances. An analysis of the account balances by the company's accountant provided the following additional information: 1. A physical count of supplies revealed $1,400 on hand on September 30. 2. A two-year life insurance policy was purchased on June 1 for $3.600. Record insurance expense for the month of September. Insurance expense for prior months was properly recorded. 3. Equipment depreciated $3,300 per year. Record depreciation expense for the month of September. Depreciation expense for prior months was properly recorded. 4. The amount of rent received in advance that remains unearned at September 30 is $700. instructions: Using the above additional information, prepare the adjusting entries that should we made by Kidman Company on September 30 for the month of September
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