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QUESTION 2 20 Stant Company is a small editorial services company owned and operated by Tracy Stant. On July 31, 2012, the end of the
QUESTION 2 20 Stant Company is a small editorial services company owned and operated by Tracy Stant. On July 31, 2012, the end of the current year, Stant Company's accounting clerk prepared the unadjusted trial balance: $137,550 Stant Company Unadjusted Trial Balance July 31, 2020 Cash $7,500 Accounts Receivable 38,400 Prepaid insurance 7,200 Supplies 1.980 Land 112,500 Building 200,250 Accumulated depreciation - Building Equipment 135,300 Accumulated depreciation - Equipment Accounts payable Salaries and wages payable Unearned rent Tracy Stant, Capital Tracy Stant, Drawing 15,000 Fees carned Salaries and wages expense 193,370 Utilities expense 42,375 Insurance expense 0 Supplies expense 0 Depreciation expense 0 Advertising expense 22,800 Repairs expense 17.250 Miscellaneous expense 6,075 $800,000 97,950 12,150 0 6.750 221,000 324,600 $800,000 Use this trial balance to journalize the following adjusting entries. Unexpired Insurance at July 31, $3,500. Debit Credit DATE 7/31 QUESTION 3 Supplies used during the period, $800. DATE 7/31 Debit Credit QUESTION 4 Depreciation of equipment, $1,900. Debit Credit DATE 7/31 QUESTION 4 Depreciation of equipment, $1,900. Debit Credit DATE 7/31 QUESTIONS Accrued salaries and wages, $1,700. Debit Credit DATE 7/31 QUESTION 6 Fees earned but unbilled on July 31, $12,740. Debit Credit DATE 7/31
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