Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The trial balance for Bramble Corp. is shown below. Prepare the adjusting entries for the items above assuming financial statements are computed each month. (Credit

The trial balance for Bramble Corp. is shown below.

Prepare the adjusting entries for the items above assuming financial statements are computed each month. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

image text in transcribedimage text in transcribed

Exercise 3-09 (Video) The trial balance for Bramble Corp. is shown below. Bramble Corp. Trial Balance October 31, 2020 Credit Debit $14,000 2,400 700 5,400 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,700 2,700 1,200 9,400 -0- 600 11,000 5,000 900 $29,000 $29,000 Assume the following adjustment data. 1. Supplies on hand at October 31 total $500. 2. Expired insurance for the month is $300. 3. Depreciation for the month is $80. 4 Services related to uneared service revenue in October worth $700 were performed. 5 Services performed but not recorded at October 31 are $200 Interest accrued at October 31 is $70. Accrued salaries at October 31 are $1,100. 6 7 Prepare the adjusting entries for the items above assuming financial statements are computed each month. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Oct. 31 2. Oct. 31 3. Oct. 31 4. Oct. 31 5. Oct. 31 6. Oct. 31 7. Oct. 31

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Cost Management Measuring Monitoring And Motivating Performance

Authors: Leslie G. Eldenburg, Susan K. Wolcott

2nd Edition

978-0-470-7694, 0470769424, 978-0470769423

Students also viewed these Accounting questions