The unadjusted trial balance of Kamla Lawn Service on June 30, 2013, contained the following accounts at the end of the company's calendar ye Kamla Lawn Service Unadjusted Trial Balance June 30, 2013 Debit Credit Cash $170,850 Notes Receivable 25,500 Accounts Receivable 23,150 Merchandise Inventory, 6/30/12 46,540 Prepaid Insurance 4,115 Prepaid Storage Rent 8,307 Lawn Supplies 2,992 Land 25,200 Lawn Equipment 79,100 Accumulated Depreciation, Lawn Equipment $15,820 Accounts Payable 20,085 Unearned Mower Rental Revenue 16,170 Notes Payable (due 2020) 55,500 Kamla Jay, Capital 282,326 Kamla Jay, Withdrawals 5,525 Sales Revenue 89,065 Sales Returns & Allowances 2,488 Sales Discounts Purchases 34,920 Purchases Returns & Allowances 2,421 Purchases Discounts 484 Freight-in 2,153 Storage Rent Expense 18,055 Sales Salaries Expense 18,153 Office Salaries Expense 13,536 Utilities Expense 1,590 Advertising Expense 3,138 Interest Expense 1,376 795 Interest Income Mower Rental Revenue 2,593 3,019 $487,483 $487,483 Totals The company uses the periodic inventory system. In addition, the following year-end Information was available to the accountant: a) Merchandise inventory taken on 6/30/13 was $44,548. b) Depreciation on lawn equipment was $3,955. c) Unpaid accrued office salaries were $817. d) Expired storage rent amounted to $3,677. e) Lawn supplies used was $620 4) Accrued sales revenue on 6/30/13 was $2,835. 9) Prepaid insurance on hand amounted to $1,255. h) Interest on the company's notes payable at year-end amounted to $303. D) Unearned mower rental revenue still unearned at year-end amounted to $14,535. (a) El your answer is partially correct. Journalize the above adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit a) No Entry 44548 No Entry 44548 b) Depreciation Expense, Lawn Equipment 3955 Accumulated Depreciation, Lawn Equipment 3955 Interest Income Mower Rental Revenue 2,593 3,019 $487,483 $487,483 Totals The company uses the periodic inventory system. In addition, the following year-end Information was available to the accountant: a) Merchandise inventory taken on 6/30/13 was $44,548. b) Depreciation on lawn equipment was $3,955. c) Unpaid accrued office salaries were $817. d) Expired storage rent amounted to $3,677. e) Lawn supplies used was $620 4) Accrued sales revenue on 6/30/13 was $2,835. 9) Prepaid insurance on hand amounted to $1,255. h) Interest on the company's notes payable at year-end amounted to $303. D) Unearned mower rental revenue still unearned at year-end amounted to $14,535. (a) El your answer is partially correct. Journalize the above adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit a) No Entry 44548 No Entry 44548 b) Depreciation Expense, Lawn Equipment 3955 Accumulated Depreciation, Lawn Equipment 3955 > c) Office Salaries Expense 817 Accumulated Depreciation, Lawn Equipment v 817 > d) Storage Rent Expense 3677 > Prepaid Storage Rent 3677 e) > Lawn Supplies Expense 620 Lawn Supplies 620 f) Accounts Receivable 2835 > Sales Revenue 2835 > 9) Insurance Expense 2860 5 Prepaid Insurance 2860 h) Interest Expense 303 Interest Payable 303 1) Unearned Mower Rental Revenue 1635 Mower Rental Revenue 1635 Click if you would like to Show Work for this question: Open blank Show Work CALCULATOR PRINTER VERSION BACK NEX Kamia Lawn Service ACCOUNT NAME Unadjusted Trial Balance Debit Credit Kamia Lawn Service Work Sheet For the year ended June 30, 2013 Adjustments Adjusted Trial Balance Debit Credit Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit Cash 170,850 170850 170650 Notes Receivable 25,500 25500 25500 Accounts Receivable 23,150 2835 25985 25915 Merchandise Inventory, 6/30/12 46,540 1992 04548 Prepaid Insurance 4,115 2000 1255 1255 Prepaid Storage Rent 8.307 3677 4630 Lawn Supplies 2,992 620 2372 2372 Land 25,200 25200 25200 Lawn Equipment 29,100 20100 79100 Accumulated Depreciation, Lawn Equipment 15,620 3055 1975 1925 Accounts Payable 20,085 2005 20035 Uneamed Mower Rental Revenue 16,170 817 17 BE Notes Payabit (due 2020) 55,500 14535 14535 55500 Karla Jay, Capital 282,320 55500 202320 Kami Jay, withdrawals 19.065 Sales Revue CALCULATOR PRINTER VERSION Sales Returns Allowances #BACK NEIT 2,488 2835 91900 91900 Sales Discounts 795 2488 2488 Purchases 34,920 795 295 Purchases Returns A Allowances 2,421 34920 Purchases Discounts 480 242: Freight-in 2,153 2153 2153 Storage Rent Expense 18,055 217321 21732 Sales Salaries Expense 18.15) 3677 18153 18153 Office Salaries Expense 13,536 14353 14151 Utilities Expense 1.590 1590) 5590 Advertising Expense 3.138 3130 3138 Interest Expense 1.376 303 1679 1670 Interest Income 2.593 2993 2593 Mower Rental Revenue 3,019 1615 4654 4554 TOTALS 487 483 467,483 Depreciation Experise. Lawn Equipment H002 14007 34007 3955 3955 affic Salaries Payable 2055 020 620 20 Storage Rent Payati CALCULATOR PRINTER VERSION BACK Storage Rent Payable 620 620 Lawn Supplies Expense 2860 2850 2550 Insurance Expense 303 Interest Payable SUBTOTALS 53514 30514 192458 492.688 Net Loss 2016 8375 GRAND TOTALS 107523 107573 359565 359665 Kamla Lawn Service Income Statement For the Year Ended June 30, 2013 AN The unadjusted trial balance of Kamla Lawn Service on June 30, 2013, contained the following accounts at the end of the company's calendar ye Kamla Lawn Service Unadjusted Trial Balance June 30, 2013 Debit Credit Cash $170,850 Notes Receivable 25,500 Accounts Receivable 23,150 Merchandise Inventory, 6/30/12 46,540 Prepaid Insurance 4,115 Prepaid Storage Rent 8,307 Lawn Supplies 2,992 Land 25,200 Lawn Equipment 79,100 Accumulated Depreciation, Lawn Equipment $15,820 Accounts Payable 20,085 Unearned Mower Rental Revenue 16,170 Notes Payable (due 2020) 55,500 Kamla Jay, Capital 282,326 Kamla Jay, Withdrawals 5,525 Sales Revenue 89,065 Sales Returns & Allowances 2,488 Sales Discounts Purchases 34,920 Purchases Returns & Allowances 2,421 Purchases Discounts 484 Freight-in 2,153 Storage Rent Expense 18,055 Sales Salaries Expense 18,153 Office Salaries Expense 13,536 Utilities Expense 1,590 Advertising Expense 3,138 Interest Expense 1,376 795 Interest Income Mower Rental Revenue 2,593 3,019 $487,483 $487,483 Totals The company uses the periodic inventory system. In addition, the following year-end Information was available to the accountant: a) Merchandise inventory taken on 6/30/13 was $44,548. b) Depreciation on lawn equipment was $3,955. c) Unpaid accrued office salaries were $817. d) Expired storage rent amounted to $3,677. e) Lawn supplies used was $620 4) Accrued sales revenue on 6/30/13 was $2,835. 9) Prepaid insurance on hand amounted to $1,255. h) Interest on the company's notes payable at year-end amounted to $303. D) Unearned mower rental revenue still unearned at year-end amounted to $14,535. (a) El your answer is partially correct. Journalize the above adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit a) No Entry 44548 No Entry 44548 b) Depreciation Expense, Lawn Equipment 3955 Accumulated Depreciation, Lawn Equipment 3955 Interest Income Mower Rental Revenue 2,593 3,019 $487,483 $487,483 Totals The company uses the periodic inventory system. In addition, the following year-end Information was available to the accountant: a) Merchandise inventory taken on 6/30/13 was $44,548. b) Depreciation on lawn equipment was $3,955. c) Unpaid accrued office salaries were $817. d) Expired storage rent amounted to $3,677. e) Lawn supplies used was $620 4) Accrued sales revenue on 6/30/13 was $2,835. 9) Prepaid insurance on hand amounted to $1,255. h) Interest on the company's notes payable at year-end amounted to $303. D) Unearned mower rental revenue still unearned at year-end amounted to $14,535. (a) El your answer is partially correct. Journalize the above adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit a) No Entry 44548 No Entry 44548 b) Depreciation Expense, Lawn Equipment 3955 Accumulated Depreciation, Lawn Equipment 3955 > c) Office Salaries Expense 817 Accumulated Depreciation, Lawn Equipment v 817 > d) Storage Rent Expense 3677 > Prepaid Storage Rent 3677 e) > Lawn Supplies Expense 620 Lawn Supplies 620 f) Accounts Receivable 2835 > Sales Revenue 2835 > 9) Insurance Expense 2860 5 Prepaid Insurance 2860 h) Interest Expense 303 Interest Payable 303 1) Unearned Mower Rental Revenue 1635 Mower Rental Revenue 1635 Click if you would like to Show Work for this question: Open blank Show Work CALCULATOR PRINTER VERSION BACK NEX Kamia Lawn Service ACCOUNT NAME Unadjusted Trial Balance Debit Credit Kamia Lawn Service Work Sheet For the year ended June 30, 2013 Adjustments Adjusted Trial Balance Debit Credit Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit Cash 170,850 170850 170650 Notes Receivable 25,500 25500 25500 Accounts Receivable 23,150 2835 25985 25915 Merchandise Inventory, 6/30/12 46,540 1992 04548 Prepaid Insurance 4,115 2000 1255 1255 Prepaid Storage Rent 8.307 3677 4630 Lawn Supplies 2,992 620 2372 2372 Land 25,200 25200 25200 Lawn Equipment 29,100 20100 79100 Accumulated Depreciation, Lawn Equipment 15,620 3055 1975 1925 Accounts Payable 20,085 2005 20035 Uneamed Mower Rental Revenue 16,170 817 17 BE Notes Payabit (due 2020) 55,500 14535 14535 55500 Karla Jay, Capital 282,320 55500 202320 Kami Jay, withdrawals 19.065 Sales Revue CALCULATOR PRINTER VERSION Sales Returns Allowances #BACK NEIT 2,488 2835 91900 91900 Sales Discounts 795 2488 2488 Purchases 34,920 795 295 Purchases Returns A Allowances 2,421 34920 Purchases Discounts 480 242: Freight-in 2,153 2153 2153 Storage Rent Expense 18,055 217321 21732 Sales Salaries Expense 18.15) 3677 18153 18153 Office Salaries Expense 13,536 14353 14151 Utilities Expense 1.590 1590) 5590 Advertising Expense 3.138 3130 3138 Interest Expense 1.376 303 1679 1670 Interest Income 2.593 2993 2593 Mower Rental Revenue 3,019 1615 4654 4554 TOTALS 487 483 467,483 Depreciation Experise. Lawn Equipment H002 14007 34007 3955 3955 affic Salaries Payable 2055 020 620 20 Storage Rent Payati CALCULATOR PRINTER VERSION BACK Storage Rent Payable 620 620 Lawn Supplies Expense 2860 2850 2550 Insurance Expense 303 Interest Payable SUBTOTALS 53514 30514 192458 492.688 Net Loss 2016 8375 GRAND TOTALS 107523 107573 359565 359665 Kamla Lawn Service Income Statement For the Year Ended June 30, 2013 AN