The ledger of Cullumber Company includes the following unadjusted balances: Prepaid Insurance $$4,300,$ Service Revenue $$56,700,$ and Salaries and Wages Expense $$24,200.$ Adjusting entries are required for $($a$)$ expired insurance $$1,600,($b$)$ services performed $$1,900$ are billed and not yet collected, and $($c$)$ accrued salaries payable $$800.$

Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts.

CULLUMBER COMPANY

Worksheet

Trial Balance

Adjustments

Adjusted Trial Balance

Income Statement

Balance Sheet

Account Titles

Dr$.$

Cr$.$

Dr$.$

Cr$.$

Dr$.$

Cr$.$

Dr$.$

Cr$.$

Dr$.$

Cr$.$

Prepaid Insurance

enter a debit amount

$4300$

Correct answer

enter a credit amount

Correct answer

enter a debit amount

Correct answer

enter a credit amount

$1600$

Correct answer

enter an adjusted debit balance

$2700$

Correct answer

enter an adjusted credit balance

Correct answer

enter a debit amount

Correct answer

enter a credit amount

Correct answer

enter a debit balance

$2700$

Correct answer

enter a credit balance

Correct answer

Service Revenue

enter a debit amount

Correct answer

enter a credit amount

$56700$

Correct answer

enter a debit amount

Correct answer

enter a credit amount

$1900$

Correct answer

enter an adjusted debit balance

Correct answer

enter an adjusted credit balance

$58600$

Correct answer

enter a debit amount

Correct answer

enter a credit amount

$58600$

Correct answer

enter a debit balance

Correct answer

enter a credit balance

Correct answer

Salaries and Wages Expense

enter a debit amount

$24200$

Correct answer

enter a credit amount

Correct answer

enter a debit amount

$800$

Correct answer

enter a credit amount

Correct answer

enter an adjusted debit balance

$25000$

Correct answer

enter an adjusted credit balance

Correct answer

enter a debit amount

$25000$

Correct answer

enter a credit amount

Correct answer

enter a debit balance

Correct answer

enter a credit balance

Correct answer

Accounts Receivable

enter a debit amount

Incorrect answer

enter a credit amount

Incorrect answer

enter a debit amount

$1600$

Incorrect answer

enter a credit amount

Incorrect answer

enter an adjusted debit balance

$1600$

Incorrect answer

enter an adjusted credit balance

Incorrect answer

enter a debit amount

Incorrect answer

enter a credit amount

Incorrect answer

enter a debit balance

$1600$

Incorrect answer

enter a credit balance

Incorrect answer

Salaries and Wages Payable

enter a debit amount

Incorrect answer

enter a credit amount

Incorrect answer

enter a debit amount

Incorrect answer

enter a credit amount

$1900$

Incorrect answer

enter an adjusted debit balance

Incorrect answer

enter an adjusted credit balance

$1900$

Incorrect answer

enter a debit amount

Incorrect answer

enter a credit amount

Incorrect answer

enter a debit balance

Incorrect answer

enter a credit balance

$1900$

Incorrect answer

Insurance Expense

enter a debit amount

Incorrect answer

enter a credit amount

Incorrect answer

enter a debit amount

$800$

Incorrect answer

enter a credit amount

Incorrect answer

enter an adjusted debit balance

$800$

Incorrect answer

enter an adjusted credit balance

Incorrect answer

enter a debit amount

$800$

Incorrect answer

enter a credit amount

Incorrect answer

enter a debit balance

Incorrect answer

enter a credit balanceYour answer is partially correct.

The ledger of Cullumber Company includes the following unadjusted balances: Prepaid Insurance $$4,300,$ Service Revenue $$56,700,$

and Salaries and Wages Expense $$24,200.$ Adjusting entries are required for $($a$)$ expired insurance $$1,600,($b$)$ services performed

$$1,900$ are billed and not yet collected, and $($c$)$ accrued salaries payable $$800.$

Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts.

Trial Balance

Account Titles

Prepaid Insurance

Service Revenue

Salaries and Wages Expense

Accounts Receivable

Salaries and Wages Payable

Insurance Expense

Dr$.$

Cr$.$

i

i

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