Score: 0 of 1 pt 1 of 1 (0 complete) HW Score: 0%, 0 of P3-43B (similar to) Question Help Geary Theater Production Company's partially completed worksheet as of December 31, 2016, follows. (Click the icon to view the partially completed worksheet.) Requirements 1. Analyze the worksheet to determine the adjusting entries that account for the differences between the unadjusted trial balance and the adjusted trial balance. Complete the worksheet. Use letters a through e to label the five adjustments. 2. Journalize the adjusting entries. Requirement 1. Analyze the worksheet to determine the adjusting entries that account for the differences between the unadjusted trial balance and the adjusted trial balance. Complete the worksheet. Use letters a through e to label the five adjustments. The balance sheet accounts have only been assigned one possible letter reference (a, b, c, d, or e). To determine the letter reference to use for each adjustment first determine the balance sheet account affected and then select the corresponding letter reference to adjust the applicable income statement account. (Depr. = Depreciation.) Geary Theater Production Company Worksheet December 31, 2016 Unadjusted Adjustments Adjusted Trial Balance Trial Balance Account Names Debit Credit Debit Credit Debit Credit Cash $ 3,800 $ 3,800 Accounts Receivable 5,700 6,700 2,000 1,100 5,500 4,950 24,000 24,000 Office Supplies Prepaid Insurance Equipment Accumulated Depr.-Equipment Accounts Payable Salaries Payable $ 8,700 $ 3,400 12,800 3,400 250 Score: 0 of 1 pt 1 of 1 (0 complete) HW Score: 0%, 0 of P3-43B (similar to) Question Help Geary Theater Production Company's partially completed worksheet as of December 31, 2016, follows. (Click the icon to view the partially completed worksheet.) Requirements 1. Analyze the worksheet to determine the adjusting entries that account for the differences between the unadjusted trial balance and the adjusted trial balance. Complete the worksheet. Use letters a through e to label the five adjustments. 2. Journalize the adjusting entries. Trial Daialilo Account Names Debit Credit Debit Credit Debit Credit Cash $ 3,800 $ 3,800 Accounts Receivable 5,700 6,700 2,000 1,100 Office Supplies Prepaid Insurance 5,500 4,950 24,000 24,000 Equipment Accumulated Depr.--Equipment $ 8,700 $ 12,800 3,400 3,400 Accounts Payable Salaries Payable 250 12,200 12,200 Geary, Capital Geary, Withdrawals Service Revenue 26,000 26,000 78,000 7 79,000 4,100 900 Depr. Expense-Equipment Supplies Expense Utilities Expense Salaries Expense 5,300 5,300 IIII 30,000 30,250 550 Insurance Expense Total $ 102,300 $ 102,300 107,650 $ 107,650 Data Table Geary Theater Production Company Worksheet December 31, 2016 Unadjusted Adjustments Adjusted Trial Balance Trial Balance Account Names Debit Credit Debit Credit Debit Credit Cash $ 3,800 $ 3,800 Accounts Receivable 6,700 5,700 2,000 Office Supplies 1,100 Prepaid Insurance 5,500 4,950 24,000 24,000 $ 8,700 $ 12,800 3,400 3,400 250 12,200 12,200 Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Geary, Capital Geary, Withdrawals Service Revenue Depreciation Expense-Equipment Supplies Expense Utilities Expense Salaries Expense 26,000 26,000 78,000 79,000 4,100 900 5,300 5,300 30,000 30,250 550 Insurance Expense $ Total 102,300 $ 102,300 $ 107,650 $ 107,650
