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The trial balance of the Atlantic City Laundry at March 31, 2012, the end of the current fiscal year, and the data needed to determine
The trial balance of the Atlantic City Laundry at March 31, 2012, the end of the current fiscal year, and the data needed to determine year-end adjustments are as follows: Atlantic City Laundry Trial Balance March 31, 2012 Debit Credit 6,290 5,850 2,400 96,000 Cash Laundry Supplies Prepaid Insurance Laundry Equipment Accumulated Depreciation Accounts payable Unearned Fees Lee Cheswick, Capital Lee Cheswick, Drawing Laundry Revenue Wages Expense Rent expense Utilities expense Miscellaneous Expense 52,700 3,950 2,250 37,450 5,250 66,900 22,900 14,400 8,500 910 163,250 163,250 a. Laundry supplies on hand at March 31 are $1,040 (nov eleve b. Unexpired insurance premiums at the end of the year are $700. C. Depreciation of Equipment during the year is $5,220. d. Wages accrued but not paid at March 31 are $850. e. Unbilled fees for services provided total $1500. f. Unearned fees at year end were $1250. a. 31 $ 1.040 b. A $ 700. c. $5.220. . 31 $ 850. e. $1500. f. $ 1.250. Instructions: Journalize the adjusting entries. Use the journal provided
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