Requirement 2. The accounts listed in the unadjusted trial balance, together wit

Question

Requirement 2. The accounts listed in the unadjusted trial balance, together with their unadjusted balances as of

December 31, 2018 have been opened for you in T-account form. Post the adjusting entries to T-accounts using the adjustment letters (a, b, c, etc.) as posting references. Determine the ending balances for all T-accounts (including any that may not be affected by any of the adjusting entries) on December 31, 2018.

Calculate each accounts balance and enter the balance, along with a "Bal." reference on the appropriate side of each T-account. (Abbreviation used: Depr. = Depreciation.)

In Addition to the T-accounts Also  Prepare an adjusted trial balance. and

Prepare a partial worksheet including the account names, unadjusted trial balance, adjustments, and adjusted trial balance.

The account names and unadjusted trial balance amounts as provided in the question have been entered into the worksheet for you. Finish the partial worksheet by completing the adjustments and adjusted trial balance columns. Complete the Adjustments columns by using the letters a through f to label the six adjustments.

Data Table More Info a. Office Supplies on hand at year-end, S300 Time Change Employment Services Unadjusted Trial Balance December 31, 2018 b. Depreciation on furniture, $7,000 c. Depreciation on building, 55,500. d. Salaries owed but not yet paid, $600. e. Accrued service revenue, 5900 f. $4.000 of the unearned revenue has been earned. Balance Account Title Cash Accounts Receivable Office Supplies Land Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Building Depreciation Expense-Furniture Advertising Expense Total Debit Credit 5 14,000 16,000 700 50,000 140,000 90,000 19,000 10,000 3,500 14,000 99,200 23,000 69,000 21,000 2,000 5 285,700 285,700

Explanation / Answer

Time Change Employment Services Account Titles Unadjusted Trial Balance Adjustments Adjusted Trial Balance Debit Credit Debit Credit Debit Credit Cash 14,000 0 14,000 Accounts Receivable 16,000 e. 16,900 Office Supplies 700 a. 300 Land 50,000 0 50,000 Building 140,000 0 140,000 Accumulated Depreciation : Building 90,000 c. 95,500 Furniture 19,000 0 19,000 Accumulated Depreciation : Furniture 10,000 b. 17,000 Accounts Payable 3,500 0 3,500 Salaries Payable 0 d. 600 Unearned Revenue 14,000 f. 10,000 Common Stock 99,200 0 99,200 Dividends 23,000 0 23,000 Service Revenue 69,000 e., f. 73,900 Salaries Expense 21,000 d. 21,600 Supplies Expense 0 a. 400 Depreciation Expense: Buildings 0 c. 5,500 Depreciation Expense: Furniture 0 b. 7,000 Advertising Expense 2,000 0 2,000 Totals 285,700 285,700 18,400 18,400 299,700 299,700

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