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Reconstruct adjusting and closing entries for the month ended September 30 from the T-accounts below. Prepaid Insurance Accounts Receivable Unearned Revenues Wages Payable 1,350 1,250
Reconstruct adjusting and closing entries for the month ended September 30 from the T-accounts below.
Prepaid Insurance | Accounts Receivable | Unearned Revenues | Wages Payable | |||||||
---|---|---|---|---|---|---|---|---|---|---|
1,350 | 1,250 | 1,050 | 385 | |||||||
130 | 275 | 235 | 385 | |||||||
1,220 | 1,525 | 815 | ||||||||
Diane Lin, Capital | Diane Lin, Drawing | Income Summary | Fees Earned | |||||||
---|---|---|---|---|---|---|---|---|---|---|
7,000 | 2,400 | 5,510 | 5,000 | |||||||
580 | 2,400 | 6,090 | 275 | |||||||
2,400 | 0 | 580 | 235 | |||||||
4,020 | 0 | 5,510 | 0 |
Wages Expense | Rent Expense | Insurance Expense | Utilities Expense | |||||||
---|---|---|---|---|---|---|---|---|---|---|
3,600 | 1,880 | 130 | 95 | |||||||
385 | 1,880 | 130 | 95 | |||||||
3,985 | 0 | 0 | 0 | |||||||
0 |
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