Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Signage Company specializes in the maintenance and repair of signs, such as billboards. On March 31, 2016, the accountant for The Signage Company pred The

image text in transcribed
image text in transcribed
image text in transcribed
Signage Company specializes in the maintenance and repair of signs, such as billboards. On March 31, 2016, the accountant for The Signage Company pred The Signage Company Trial Balances March 31, 2016 Unadjusted Adjusted Debit Credit Debit Balances Credit Balances Balances Balances 35,230 100,940 35,230 100,940 10,470 13,330 416,680 3,250 2,530 416,680 87,130 98,460 Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accumulated Depreciation-Buildings Trucks Accumulated Depreciation - Trucks Accounts Payable Salaries Payable Uneared Service Fees Common Stock 105,700 105,700 50,470 22,850 52,990 23,760 7.140 4,940 125.000 16,660 125,000 Accurnulated Depreciation-Buildings Trucks 87,130 98,460 105,700 105,700 52,990 50,470 22,850 23,760 Accumulated Depreciation-Trucks Accounts Payable Salaries Payable Uneared Service Fees Common Stock Retained Earnings Dividends 7,140 4,940 16,660 125,000 271,000 125,000 271,000 69,040 Service Fees Earned 732,480 744,200 Salary Expense Depreciation Expense--Trucks 49,520 Rent Expense Supplies Expense Utilities Expense 11,900 483,250 2,520 49,520 7.220 12,810 11,330 7,620 10.800 9,050 Depreciation Expense-Buildings 7,620 Taxes Expense Insurance Expense Miscellaneous Expense 9,050 1,305,590 1,305,590 1,327,490 1,327,490 Journaline the seventies that adjusted the accounts at March 31. None of the accounts were affected by more than one adjusting entry. If an amount box does not require an entry, leave it bank Mar 31 Supplies O DI II II II III II II II II II II IO

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Theory And Practice

Authors: Jerry R. Strawser, Robert H. Strawser, Roger H. Hermanson

9th Edition

0873939336, 9780873939331

More Books

Students also viewed these Accounting questions