Reyes Rides is owned by Jason Reyes. The company has an August 31 fiscal year end and prepares adjustments on an annual basis. The following is an alphabetical list of its accounts at August 31, 2021, before adjustments. All accounts have normal balances. 55.540 7.200 Accounts Payable Accounts Receivable Accurrulated Depreciation-Equipment Accumulated Depreciation-Vehicles Cash 25.375 175.750 9.150 Equipment 40,600 Fuel Expen 24,200 Interest Expense 9.610 Revat 105.220 Reves Drawing Notes Poble 141100 101.200 DELL Interest Expense 9,610 I. Reyes, Capital 105,220 Reyes, Drawings 141,100 Notes Payable 161.200 V Prepaid insurance 12840 Rent Expense 22.410 Salaries Expense 140,530 Service Revenue 333,145 Supplies 4.430 Uneaned Revenue 27,640 Vehicles 421 800 Additional information Additional information 1 2. 3. 4 On August 31, a physical count shows $630 of supplies on hand. The insurance policy has a one-year term that began on November 1, 2020, The equipment has an estimated useful life of 10 years. The vehicles have an estimated useful life of 12 years. The company collects cash in advance for any special services requested by customers. As at August 31, the company has provided all but 54 390 of these services, The note payable has an annual interest rate of 6% Interest is paid on the first day of each month. Employees are paid a combined total of $570 per day. At August 31, 2021. five days of salaries are unpaid. On August 31, the company provided $1,240 of Services for a senior citizens group. The group was not billed for the services until September 2 5 6. 7 8 Additional fuel costs of $690 have been incurred but not recorded. (Use the Accounts Payable account) Type bere Prewelacuits and enter the adjusted trial once amounts Post entries in the onder diapkyed in the problem statement) Cath Accounts Receivable Prepaid insurance Supplies Vehicles . M 'C Clay ANO DELL Vehicles Accumulated Depreciation Vehicles Equipment Accumulated Depreciation Equipment Accounts Payable Notes Payable Tyto o M EC Cloudy Unearned Revenue .Reyes, Capital J. Reyes. Drawings Service Revenue Salaries Expense Salaries peme Interest Expense Rent Expense Fuel Expense Journalize the annual adjusting entries at August 31, 2021. Credit account titles ant automatically indented when amount is entered. Do not indent manually Round answers to the nearest whole dollar 5.275. If ng entry is required, select "No Entry for the account o 6C Cloudy ANO 122 PM 2021-12-13 e Den inden und answers to the whole dollar, 5.275. roy repaired, et "No Entry for the account title and for the amounts) No. Account Titles and Explanation Debit Credit 1 Aug. 31 A31 1.31 (To con derection for equipment Aug 31 to record de confor vehicles to search O 6C Cloudy AING 13 dates Aug. 31 (to record depreciation for vehides) 4 Aug. 31 A > 5 Aug. 31 v 6. Aug 31 7 Aug. 31 > B Aud: 1 1 Put the adjusting entries. Post entries in the order of journal entries presented in the previous part) Cash Aug 31 9.150 Accounts Receivable Aug 31 7.200 Prepaid Insurance A 1 1240 Supplies Aug 1 4430 to search Aug 31 4.430 Vehicles Aug 31 421.800 Accumulated Depreciation-Vehicles Aug 31 175,750 Equipment Aug 31 40.600 Accumulated Depreciation-Equipment Equipment Aug 31 40,600 Accumulated Depreciation Equipment Aug. 31 25,375 Accounts Payable Aug 31 5,540 Notes Payable Not Payable Aug. 31 161,200 Uneaed Revenue Aug. 31 27.640 Interest Payable Salaries Payable J. Reyes. Capital Aue 31 105 220 Reyes, Drawing here to search 9 12:29 p 6C. Cloudy AENG Interest Payable Salaries Payable 1. Reyes, Capital Aug. 31 105.220 Reyes. Drawings 141.100 Service Revente Aug 31 333.145 here to search @ RO Service Raven Aug 31 333,145 Salaries Expense Aug 31 140 530 Interest Expense Aug 1 9.610 12:29 Aug 31 9.610 Rent Expense Aug 31 22410 Fuel Expedie Aug 31 24,200 Insurance Expense 12:29 PM Clmud ENG Depreciation Expend Supplies Expense Prepare an adjusted trial balance at August 31, 2021. REYES RIDES Adjusted Trial Balance o RE 6C Cloudy ENG 12:29 PM 2021-12-13 DELL REYES RIDES Adjusted Trial Balance Debit Credit >> $ > c C > 12:29 PM Total retouch o 6C Cloudy AING 12:30 PM 2021-12.11
