Tom knew that accounting was based on accruals and some adjustments were needed at the end of September The following information is provided to prepare the adjusting entries at the end of September 2015. Recognize the rent expense for the month of September Cleaning equipment is depreciated for 5 years. The salvage value is zero. The corny uses straight line depreciation method. The truck is depreciated for 5 years. The salvage value is $3,000. The company uses straight line depreciation. Recognize the insurance expense for the month of September Recognize the revenue from 1 month service that has been provided to a client from September 2 transaction. At the end of September, the company has $6,500 supplies available. The company pays $2,000 salary every Friday, September 30 is Monday, # The company has provided a $5,000 service to a client that has not been billed, Prepare the adjusting entries. Post the adjustments to the General Ledger Calculate the acted balances for the afford arrunte 1 Prepare the adjusting entries. 2 Post the adjustments to the General Ledger. 3 Calculate the adjusted balances for the affected accounts. 4 Prepare the Adjusted Trial Balance for Wayzata Cleaning, Inc. at September 31, 2015. 5 Prepare the Financial Statements for Wayzata Cleaning, Inc. ending and on September 31, 2015. Cash 54.750.00 CAS 7R.000 DO Prepaid Rent 9,000.00 Prepaid Insurance 1.200.00 Uneared Service Revenue 8.000.00 78,000.00 9,000.00 1,200.00 8.000.00 AP + 16.600.00 Cleaning Equipment 12.000.00 Salary Expense 8.000.00 Service Revenue 11.000,00 54,750.00 Supplies 16,600.00 12.000.00 8,000.00 11.000.00 11,000.00 16,600,00 8,000.00 12,000.00 Supplies 7.000.00 Truck 1R000.00 Dividends 1,000.00 7,000.00 Utility Expense 600.00 Miscellanoues Expense 50.00 18,000.00 1.000.00 600.00 50.00 Accounts Receivable 1.500.00 Depreciation. Cleaning op Advertising Expense 500.00 1,500.00 Cost Salvage Value Depreciated value Useful lite Annual Depreciation Monthly depreciation 500.00 FH $ > Depreciation - Cleaning Truck Cost Salvage Value Depreciated value Useful life Annual Depreciation Monthly depreciation Wayzata Cleaning, Inc. Adjusted Trial Balance September 30, 2015 Debit Credit Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Accumulated Depreciation - Cleaning Eqp Truck Accumulated Depreciation - Truck Accounts Payable Salary Payable HDR qulcement-Parti Adjusting Entries Trial Balance Financial Statements 16 17 18 9 0 1 2 3 ted Depreciation - Truck Accounts Payable Salary Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Utility Expense Advertising Expense Miscellaneous Expense Salary Expense + 5 5 - Total Income Statement For the Month Ended September 30, 2015 1 Balance Sheet September 30, 2015 Service leven Utility Expense Advertising Expence Miscellaneous pense Salary Expense Labilities Account Payable Assets Cash Account recevables Supplies Prepaid Rent Prepaid Insurance Total CA Und Senice Total Current Labs + Equity Common Stach Hindi Total Total Expenses Net Income Cleaning Equipment Less: Accumulated Depreciation Truck Less Accumulated Depreciation Truck Total FA T Fontant Adobe Band Funcal Statements Tom knew that accounting was based on accruals and some adjustments were needed at the end of September The following information is provided to prepare the adjusting entries at the end of September 2015. Recognize the rent expense for the month of September Cleaning equipment is depreciated for 5 years. The salvage value is zero. The corny uses straight line depreciation method. The truck is depreciated for 5 years. The salvage value is $3,000. The company uses straight line depreciation. Recognize the insurance expense for the month of September Recognize the revenue from 1 month service that has been provided to a client from September 2 transaction. At the end of September, the company has $6,500 supplies available. The company pays $2,000 salary every Friday, September 30 is Monday, # The company has provided a $5,000 service to a client that has not been billed, Prepare the adjusting entries. Post the adjustments to the General Ledger Calculate the acted balances for the afford arrunte 1 Prepare the adjusting entries. 2 Post the adjustments to the General Ledger. 3 Calculate the adjusted balances for the affected accounts. 4 Prepare the Adjusted Trial Balance for Wayzata Cleaning, Inc. at September 31, 2015. 5 Prepare the Financial Statements for Wayzata Cleaning, Inc. ending and on September 31, 2015. Cash 54.750.00 CAS 7R.000 DO Prepaid Rent 9,000.00 Prepaid Insurance 1.200.00 Uneared Service Revenue 8.000.00 78,000.00 9,000.00 1,200.00 8.000.00 AP + 16.600.00 Cleaning Equipment 12.000.00 Salary Expense 8.000.00 Service Revenue 11.000,00 54,750.00 Supplies 16,600.00 12.000.00 8,000.00 11.000.00 11,000.00 16,600,00 8,000.00 12,000.00 Supplies 7.000.00 Truck 1R000.00 Dividends 1,000.00 7,000.00 Utility Expense 600.00 Miscellanoues Expense 50.00 18,000.00 1.000.00 600.00 50.00 Accounts Receivable 1.500.00 Depreciation. Cleaning op Advertising Expense 500.00 1,500.00 Cost Salvage Value Depreciated value Useful lite Annual Depreciation Monthly depreciation 500.00 FH $ > Depreciation - Cleaning Truck Cost Salvage Value Depreciated value Useful life Annual Depreciation Monthly depreciation Wayzata Cleaning, Inc. Adjusted Trial Balance September 30, 2015 Debit Credit Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Accumulated Depreciation - Cleaning Eqp Truck Accumulated Depreciation - Truck Accounts Payable Salary Payable HDR qulcement-Parti Adjusting Entries Trial Balance Financial Statements 16 17 18 9 0 1 2 3 ted Depreciation - Truck Accounts Payable Salary Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Utility Expense Advertising Expense Miscellaneous Expense Salary Expense + 5 5 - Total Income Statement For the Month Ended September 30, 2015 1 Balance Sheet September 30, 2015 Service leven Utility Expense Advertising Expence Miscellaneous pense Salary Expense Labilities Account Payable Assets Cash Account recevables Supplies Prepaid Rent Prepaid Insurance Total CA Und Senice Total Current Labs + Equity Common Stach Hindi Total Total Expenses Net Income Cleaning Equipment Less: Accumulated Depreciation Truck Less Accumulated Depreciation Truck Total FA T Fontant Adobe Band Funcal Statements