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The following trial balances are before and after adjustment for Ivanhoe Company at the end of its fiscal year.Prepare the adjusting entries that were made.
The following trial balances are before and after adjustment for Ivanhoe Company at the end of its fiscal year.Prepare the adjusting entries that were made. List all debit entries before credit entries. If no entry isrequired, select No Entry" for the account titles and enter for the amounts. Credit account titlesare automatically indented when the amount is entered. Do not indent manually.To record the service revenueAug.To record the supplies expenseAug.To record the insurance expenseAug.To record depreciation expenseAug.To record salaries and wages expenseAug.To record rent revenue
The following trial balances are before and after adjustment for Ivanhoe Company at the end of its fiscal year. IVANHOE COMPANY Trial Balance August 31, 2025 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,200 $10,200 Accounts Receivable 9,160 9,750 Supplies 2,910 1,720 Prepaid Insurance 4,120 2,670 Equipment 15,000 15,000 Accumulated Depreciation-Equipment $3,375 $4,575 Accounts Payable 5,970 5,970 Salaries and Wages Payable Unearned Rent Revenue Common Stock 0 1,030 1,800 1,030 18,460 18,460 Retained Earnings 5,180 5,180 Dividends 2,810 2,810 Service Revenue 34,000 34,590 Rent Revenue 13,720 14,490 Salaries and Wages Expense 16,010 17,040 Supplies Expense 0 1,190 Rent Expense 22,295 22,295 Insurance Expense 1,450 Depreciation Expense 1,200 $82,505 $82,505 $85,325 $85,325 Prepare the adjusting entries that were made. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Aug. 31 Aug. 31 (To record the service revenue) Aug. (To record the supplies expense) 31 Aug. 31 Aug. 31 Aug. 31 (To record the insurance expense) (To record depreciation expense) (To record salaries and wages expense) (To record rent revenue) Debit Credit
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