Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

usting entries and adjusted trial balances hem Khan Academy Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Pitman Company is a small editorial services

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
usting entries and adjusted trial balances hem Khan Academy Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October 31, 2019 the end of the current year, Pitman Company's accounting clerk prepared the following unadjusted trial balance: Pitman Company UNADJUSTED TRIAL BALANCE October 31, 2019 ACCOUNT TITLE 1 Cash DEBIT CREDIT 2 Accounts Receivable 7.655.00 3 Prepaid Insurance 38,345.00 7075.00 ENG 4:41 PM Taster Completed Course Home Picaboo Yearbook in Messaging Converting your file Khan Academy eBook Calculator Print Item Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance 0 Instructions 4 Supplies 2,290.00 5 Land 113,500.00 149,450.00 87,905.00 6 Building 7 Accumulated Depreciation Building Equipment 9 Accumulated Depreciation Equipment 133,250.00 96.435.00 10 Accounts Payable 11,860.00 11 Uneamed Rent 6,705.00 220,820.00 12 Jan Pitman, Capital 13 Jan Pitman, Drawing 14,690.00 14 Fees Eamed 328,600.00 ENG 432 Picaboo Yearbook in Messaging Converting your file Khan A eBook Calculator Print Item Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance HI Instructions 14 Fees Earned 328,600.00 198,220.00 42.120.00 15 Salaries and Wages Expense 16 Utilities Expense 17 Advertising Expense 18 Repairs Expense 19 Miscellaneous Expense 22,315.00 17,210.00 6,205.00 20 Totals 752,325.00 752,325.00 The data needed to determine year-end adjustments are as follows: Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Chart of Accounts Pit Pit CHART OF ACCOUNTS Pitman Company General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 42 Rent Revenue 12 Accounts Receivable 13 Prepaid Insurance 14 Supplies EXPENSES 15 Land 51 Salaries and Wages Expense 52 Utilities Expense 16 Building Instructions Chart of Accounts Joumal Adjusted Trial Balance Instructions Chart of Accounts Pit 14 Supplies Pit 15 Land 16 Building 17 Accumulated Depreciation-Building 18 Equipment 19 Accumulated Depreciation-Equipment EXPENSES 51 Salaries and Wages Expense 52 Utilities Expense 53 Advertising Expense 54 Repairs Expense 55 Depreciation Expense-Building 56 Depreciation Expense-Equipment 57 Insurance Expense 58 Supplies Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Uneared Rent 23 Salaries and Wages Payable Journal Adjusted Trial Balance Instructions Chart of Accounts Pit 19 Accumulated Depreciation-Equipment Pit) LIABILITIES 55 Depreciation Expense-Building 56 Depreciation Expense-Equipment 57 Insurance Expense 58 Supplies Expense 59 Miscellaneous Expense 21 Accounts Payable 22 Unearned Rent 23 Salaries and Wages Payable EQUITY 31 Jan Pitman, Capital 32 Jan Pitman, Drawing eBook Calculator ung your file Khan Academy Print Item Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Chart of Accounts Journal DATE DESCRIPTION Shaded cells have feedback ACCO CREDIT ASSETS 1 POST. REF. DEBIT 2 1,325.00 3 1,325.00 4 1 1,965.00 5 Adjusting Entries Oct 31 Insurance Expense Prepaid Insurance Oct 31 Supplies Expense Supplies Oct 31 Building Accumulated Depreciation Building Oct 31 Equipment Accumulated Depreciation Building 1,965.00 6 7,900.00 7 7,900.00 8 1 T 4,590.00 9 4,590.00 ENG 4:41 PM trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance HI Instructions Chart of Accounts Journal INICIO DESTING 8 Oct. 31 Equipment Accumulated Depreciation-Building Shaded cells have feedbac 000 9 4,590.00 10 Oct 31 Uneamed Rent 4,590.00 1 11 Rent Revenue 4865.00 12 Oct 31 Salaries and Wages Expense Salaries and Wages Payable 4.865.00 13 3,085.00 14 Oct 31 Accounts Receivable 3,085.00 15 Fees Eamed 11.010.00 11.010.00 ENG Print item Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Chart of Accounts Journal Adjusted Trial Balance Shaded cells have feed Shaded cells have feedb Pitman Company Score: 0/103 ADJUSTED TRIAL BALANCE 10 October 31, 2019 11 ACCOUNT TITLE DEBIT CREDIT 12 1 Cash 13 2 Accounts Receivable 14 3 Prepaid Insurance 4 Supplies 15 5 Land Building 7 Accumulated Depreciation-Building ing your file Khan Acade eBook Calculator Print Item Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Chart of Accounts Journal Adjusted Trial Balance Equipment 9 Accumulated Depreciation Equipment 10 Accounts Payable Shaded cells have feedback Shaded cells have feedback 10 11 11 Uneamed Rent 12 15 12 Salaries and Wages Payable 13 Jan Pitman, Capital 14 Jan Pitman, Drawing 14 19 15 Fees Eamed 16 Rent Revenue 17 Salaries and Wages Expense 18 Utilities Expense ENG in Messaging Converting your file Khan Aca eBook Calculator Print Item Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Chart of Accounts Shaded cells have feedbac Shaded cells have feedback 9 Journal Adjusted Trial Balance Saates and Wages Expense 13 Utilities Expense 10 19 Advertising Expense 11 20 Repairs Expense 12 21 Depreciation Expense-Building 13 22 Depreciation Expense-Equipment 23 Insurance Expense 24 Supplies Expense 25 Miscellaneous Expense 15 26 Totals n. ENG usting entries and adjusted trial balances hem Khan Academy Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October 31, 2019 the end of the current year, Pitman Company's accounting clerk prepared the following unadjusted trial balance: Pitman Company UNADJUSTED TRIAL BALANCE October 31, 2019 ACCOUNT TITLE 1 Cash DEBIT CREDIT 2 Accounts Receivable 7.655.00 3 Prepaid Insurance 38,345.00 7075.00 ENG 4:41 PM Taster Completed Course Home Picaboo Yearbook in Messaging Converting your file Khan Academy eBook Calculator Print Item Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance 0 Instructions 4 Supplies 2,290.00 5 Land 113,500.00 149,450.00 87,905.00 6 Building 7 Accumulated Depreciation Building Equipment 9 Accumulated Depreciation Equipment 133,250.00 96.435.00 10 Accounts Payable 11,860.00 11 Uneamed Rent 6,705.00 220,820.00 12 Jan Pitman, Capital 13 Jan Pitman, Drawing 14,690.00 14 Fees Eamed 328,600.00 ENG 432 Picaboo Yearbook in Messaging Converting your file Khan A eBook Calculator Print Item Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance HI Instructions 14 Fees Earned 328,600.00 198,220.00 42.120.00 15 Salaries and Wages Expense 16 Utilities Expense 17 Advertising Expense 18 Repairs Expense 19 Miscellaneous Expense 22,315.00 17,210.00 6,205.00 20 Totals 752,325.00 752,325.00 The data needed to determine year-end adjustments are as follows: Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Chart of Accounts Pit Pit CHART OF ACCOUNTS Pitman Company General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 42 Rent Revenue 12 Accounts Receivable 13 Prepaid Insurance 14 Supplies EXPENSES 15 Land 51 Salaries and Wages Expense 52 Utilities Expense 16 Building Instructions Chart of Accounts Joumal Adjusted Trial Balance Instructions Chart of Accounts Pit 14 Supplies Pit 15 Land 16 Building 17 Accumulated Depreciation-Building 18 Equipment 19 Accumulated Depreciation-Equipment EXPENSES 51 Salaries and Wages Expense 52 Utilities Expense 53 Advertising Expense 54 Repairs Expense 55 Depreciation Expense-Building 56 Depreciation Expense-Equipment 57 Insurance Expense 58 Supplies Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Uneared Rent 23 Salaries and Wages Payable Journal Adjusted Trial Balance Instructions Chart of Accounts Pit 19 Accumulated Depreciation-Equipment Pit) LIABILITIES 55 Depreciation Expense-Building 56 Depreciation Expense-Equipment 57 Insurance Expense 58 Supplies Expense 59 Miscellaneous Expense 21 Accounts Payable 22 Unearned Rent 23 Salaries and Wages Payable EQUITY 31 Jan Pitman, Capital 32 Jan Pitman, Drawing eBook Calculator ung your file Khan Academy Print Item Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Chart of Accounts Journal DATE DESCRIPTION Shaded cells have feedback ACCO CREDIT ASSETS 1 POST. REF. DEBIT 2 1,325.00 3 1,325.00 4 1 1,965.00 5 Adjusting Entries Oct 31 Insurance Expense Prepaid Insurance Oct 31 Supplies Expense Supplies Oct 31 Building Accumulated Depreciation Building Oct 31 Equipment Accumulated Depreciation Building 1,965.00 6 7,900.00 7 7,900.00 8 1 T 4,590.00 9 4,590.00 ENG 4:41 PM trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance HI Instructions Chart of Accounts Journal INICIO DESTING 8 Oct. 31 Equipment Accumulated Depreciation-Building Shaded cells have feedbac 000 9 4,590.00 10 Oct 31 Uneamed Rent 4,590.00 1 11 Rent Revenue 4865.00 12 Oct 31 Salaries and Wages Expense Salaries and Wages Payable 4.865.00 13 3,085.00 14 Oct 31 Accounts Receivable 3,085.00 15 Fees Eamed 11.010.00 11.010.00 ENG Print item Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Chart of Accounts Journal Adjusted Trial Balance Shaded cells have feed Shaded cells have feedb Pitman Company Score: 0/103 ADJUSTED TRIAL BALANCE 10 October 31, 2019 11 ACCOUNT TITLE DEBIT CREDIT 12 1 Cash 13 2 Accounts Receivable 14 3 Prepaid Insurance 4 Supplies 15 5 Land Building 7 Accumulated Depreciation-Building ing your file Khan Acade eBook Calculator Print Item Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Chart of Accounts Journal Adjusted Trial Balance Equipment 9 Accumulated Depreciation Equipment 10 Accounts Payable Shaded cells have feedback Shaded cells have feedback 10 11 11 Uneamed Rent 12 15 12 Salaries and Wages Payable 13 Jan Pitman, Capital 14 Jan Pitman, Drawing 14 19 15 Fees Eamed 16 Rent Revenue 17 Salaries and Wages Expense 18 Utilities Expense ENG in Messaging Converting your file Khan Aca eBook Calculator Print Item Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Chart of Accounts Shaded cells have feedbac Shaded cells have feedback 9 Journal Adjusted Trial Balance Saates and Wages Expense 13 Utilities Expense 10 19 Advertising Expense 11 20 Repairs Expense 12 21 Depreciation Expense-Building 13 22 Depreciation Expense-Equipment 23 Insurance Expense 24 Supplies Expense 25 Miscellaneous Expense 15 26 Totals n. ENG

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Internal Auditing Handbook

Authors: K. H. Spencer Pickett

3rd Edition

0470518715, 978-0470518717

More Books

Students also viewed these Accounting questions

Question

What is short-selling and is it legal?

Answered: 1 week ago