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Required information [The following information applies to the questions displayed below.] Cox and Doherty, a small service company, keeps its records without the help of
Required information [The following information applies to the questions displayed below.] Cox and Doherty, a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Credit Debit 47,700 12,000 500 680 17,800 8,900 9,260 2,300 Cox and Doherty, Inc. Unadjusted Trial Balance for the Year Ended December 31 Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Notes payable, long-term Common stock (4,300 shares outstanding) Additional paid-in capital Retained earnings Service revenue Wages expense Remaining expenses (not detailed; excludes income tax) Income tax expense Totals 11,000 2,026 18,234 5,000 89,910 16,200 33, 230 137, 370 137, 370 Data not yet recorded at December 31 included: a. The supplies count on December 31 reflected $180 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $680. C. Depreciation expense for the current year, $3,700. d. Wages earned by employees not yet paid on December 31, $540. e. Income tax expense, $5,280. Required: 1. Record the adjusting entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the cost of supplies used during the year. Journal entry worksheet
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