Question
Record 5 adjusting entries in the general journal and post them to the ledger accounts and include narrations and dates. Then prepare the adjusted trial
Record 5 adjusting entries in the general journal and post them to the ledger accounts and include narrations and dates. Then prepare the adjusted trial balance.
Date | Account and explanations | Debits | Credits |
August 2 | Rent expense Cash (rent paid) | 2200 |
2200 |
August 4 | Advertising expense Advertising payable (advertising accrued) | 380 |
380 |
August 5 | Equipment Cash (purchased equipment) | 120 |
120 |
August 7 | Supplies Cash (purchased supplies) | 350 |
350 |
August 8 | Cash Sales of supplies (supplies sold) | 280 |
280 |
August 12 | Utility bills Cash (paid water bill) | 180 |
180 |
August 12 | Utility bills Cash (paid electricity bill) | 160 |
160 |
August 14 | Bank loan payment Bank loan amount to be repaid (incurred for bank loan) | 1050 |
1050 |
August 16 | Furniture Cash (purchased a new chair) | 400 |
400 |
August 17 | Advertising expenses Cash (advertising repaid) | 380 |
380 |
August 19 | Internet expense Cash (paid internet bill) | 90 |
90 |
August 21 | Cash Sale of supplies (sale of supplies) | 200 |
200 |
August 23 | Insurance expense Cash (insurance paid) | 110 |
110 |
August 24 | Cleaning expense Cash (paid cleaner) | 110 |
110 |
August 27 | Bank loan repayment Cash (a repayment for the bank loan) | 1100 |
1100 |
August 28 | Utility expense Cash (gas bill) | 35 |
35 |
August 30 | Salary expense Cash (paid the trainee) | 400 |
400 |
August 30 | Equipment Cash (bought a new tv) | 600 |
600 |
August 30 | Salary expense Cash (paid salaries) | 6000 |
6000 |
August 30 | Cash Service revenue (received services revenue) | 14000 |
14000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started