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Type or paste question here 4 Company C 2 3 Adjustments Debit Credit 5 Adjusted trial balance Debit Credit Trial balance Debit Credit 1,720 2,800
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4 Company C 2 3 Adjustments Debit Credit 5 Adjusted trial balance Debit Credit Trial balance Debit Credit 1,720 2,800 1,800 800 800 480 4,200 3,000 Cash Accts Receivable Art Supplies Office Supplies Prepaid Rent 1 Prepaid Insurance 2 Art Equipment 3 Acc depreciation, art equipment 4 Office equipment 5 Ace depreciation office equipment B Accounts payable Unearned revenue 3 Common stock 3 Retained earnings Dividends Fees earned 2 Wages expense 3 Utility expense 4 Telephone expense 15 Rent expense 16 Insurance expense 17. Art expenses 18 Supplies expense 19 Depreciation expense art equipment 20 Depreciation expense office equipment 3.170 1.000 10,000 1,400 4 200 1.200 100 70 21 22 Write out the adjusting entries that might make it easier 1) Used $ 400 for rent 2) One month of insurance occurred $ 40 3) Ending art supplies totalled $ 1300 4) Used $ 200 office supplies 5) Depreciated $ 70 worth of art equipme19) 3 days of salaries $ 180 not paid 6) Depreciated $ 70 worth of office equipr 10) Owe the state $ 400 in taxes 7) Ending unearned revenue is $ 600 8) Had not billed $ 200 of work done a) List the adjustment entries as a journal entry b) Record the journal entries in column 3 and 4 - include totals for each column c) Provide adjusted trial balance totals for each account in column 5 and 6 include totals for each columnStep by Step Solution
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