Question
The trial balances before and after adjustment for Oriole Company at the end of its fiscal year are presented below. ORIOLECOMPANY Trial Balance August 31,
The trial balances before and after adjustment for Oriole Company at the end of its fiscal year are presented below.
ORIOLECOMPANY
Trial Balance
August 31, 2020
Before
Adjustment
After
Adjustment
Dr.
Cr.
Dr.
Cr.
Cash$10,500$10,500Accounts Receivable8,8009,900Supplies2,300700Prepaid Insurance3,7002,500Equipment13,30013,300Accumulated DepreciationEquipment$3,800$4,600Accounts Payable5,8005,800Salaries and Wages Payable01,100Unearned Rent Revenue1,300800Owner's Capital14,90014,900Service Revenue34,10035,200Rent Revenue11,00011,500Salaries and Wages Expense17,10018,200Supplies Expense01,600Rent Expense15,20015,200Insurance Expense01,200Depreciation Expense0800$70,900$70,900$73,900$73,90
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Access For Computer Accounting
Authors: Donna Kay
19th Edition
1259741109, 9781259741104
