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The following trial balance for Hedgehog Ranch Company pertains to December 31, 2018, which is the end of the company's year-long accounting period EEB (Click
The following trial balance for Hedgehog Ranch Company pertains to December 31, 2018, which is the end of the company's year-long accounting period EEB (Click the icon to view the unadjusted trial balance.) The data needed to a (Click the icon to Read the requiremen Requirement 1. Journalize Hedgehog Ranch Company's adjusting entries at December 31, 2018. Key the entries by letter. (Record debits first, then credits. Select the explanation on the last line of the jounal entry table.) a. Supplies on hand at year end, $1,000. Journal Entry Unadjusted Trial Balance Date Debit Credit (a) Dec 31 Hedgehog Ranch Company Trial Balance December 31, 2018 $ 200,000 390,000 15,000 350,000 Accounts receivable More Info Building $ 140,000 a. Supplies on hand at year-end, $1,000. b. Depreciation on furniture and fixtures, $10,000 Furniture and fxtures 130,000 Depreciation on building, $20,000 Salaries owed but not yet paid, $7,000 Accrued service revenue, $10,000. 1 Of the $47,000 balance of uneamed service revenue, $28,000 was earned during the year 55,000 d. e. 350,000 Accounts payable Salary payable Unearned service revenue Income tax payable Common stock Retained earnings 47,000 g. Accrued income tax expense, $39,000 140,000 Print Done 305,000 45,000 Service revenue Salary expense Supplies expense 285,000 174,000 Depreciation expense furniture and fixtures Income tax expense Miscellaneous expense Total 18,000 $ 1,322,000 $ 1,322,000 Print Done
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