Question
The T-accounts, along with their unadjusted balances, have been opened for you. Post the adjustments and then calculate the adjusted balance of each account. Denote
The T-accounts, along with their unadjusted balances, have been opened for you. Post the adjustments and then calculate the adjusted balance of each account. Denote each adjusting amount as Adj. (along with the corresponding letter reference; Adj. (a), Adj. (b), etc.) and an account balance as Bal.
Review the adjusting entries you prepared above.
LOADING...
| Cash |
| Accounts Payable |
| Service Revenue | |||||||||
| Bal. | 16,650 |
|
|
|
| 5,150 | Bal. |
|
| 5,700 | Bal. | ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
| ||||||||
| Accounts Receivable |
| Unearned Revenue |
| Rent Expense | |||||||||
| Bal. | 1,300 |
|
| 3,150 | Bal. | Bal. | 3,000 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
| ||||||||
| Office Supplies |
| Salaries Payable |
| Utilities Expense | |||||||||
| Bal. | 250 |
|
|
|
| 0 | Bal. | Bal. | 400 |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
| ||||||||
| Equipment |
| Drake, Capital |
| Supplies Expense | |||||||||
| Bal. | 1,800 |
|
|
|
| 15,000 | Bal. | Bal. | 0 |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
| ||||||||
| Accumulated Depr.Equipment | Drake, Withdrawals | Salaries Expense | |||||||||||
| 0 | Bal. | Bal. | 600 |
| Bal. | 0 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Furniture |
|
|
| Depreciation ExpenseEquipment | |||||||||
| Bal. | 5,000 |
|
|
|
| Bal. | 0 |
| |||||
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
| |||||
| Accumulated Depr.Furniture | Depreciation ExpenseFurniture | ||||||||||||
| 0 | Bal. | Bal. | 0 |
| |||||||||
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
| ||||||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting, Representation And Responsibility
Authors: Niels Joseph Lennon
1st Edition
0367540436, 9780367540432
