Unadjusted Adjustments Adjusted Trial Balance Trial Balance Account Title Dr. Cr
ID: 2352061 • Letter: U
Question
Unadjusted Adjustments AdjustedTrial Balance Trial Balance
Account Title Dr. Cr. Dr. Cr. Dr. Cr.
Cash 12
Accounts Receivable 80
Supplies 8
Prepaid Insurance 12
Land 100
Equipment 40
Accum Depr. Equipment 4
Accounts Payable 36
Wages Payable 0
Alex Zeidman Capital 170
Alex Zeidman Drawing 8
Fees Earned 90
Wage Expense 20
Rent Expense 12
Insurance Expense 0
Utilities Expense 6
Supplies Expense 0
Depreciation Expense 2
Miscellaneous Expense 2
____ ____
300 300
____ ____
The data for year end adjustments are as follows:
a. Fees earned, but not yet billed. $9.00
b. Supplies on hand. $3.00
c. Insurance premiums expired. $8.00
d. Depreciation expense. $4.00
e. Wages accrued, but not paid. $1.00
Enter the adjustment data, and place the balances in the Adjusted Trial Balance columns.
Explanation / Answer
a. Depreciation of building for the year, $1,900. Dr Depreciation Expense--Building 1,900 Cr Accumulated Depreciation--Building 1,900 b. Depreciation of equipment for the year, $2,400. Dr Depreciation Expense--Equipment 2,400 Cr Accumulated Depreciation--Building 2,400 c. Accrued salaries and wages at October 31, $1,375. Dr Salaries and Wages Expense 1,375 Cr Salaries and Wages Payable 1,375 d. Unexpired insurance at October 31, $2,700. 6,000 - 2,700 = 3,300 Dr Insurance Expense 3,300 Cr Prepaid Insurance 3,300 e. Fees earned but unbilled on October 31, $9,400. Dr Accounts Receivable 9,400 Cr Fees Earned 9,400 f. Supplies on hand at October 31, $325. 1,725 - 325 = 1,400 Dr Supplies Expense 1,400 Cr Supplies 1,400 g. Rent unearned at October 31, $1,800. 3,600 - 1,800 = 1,800 Dr Unearned Rent 1,800 Cr Rent Revenue 1,800 Add or subtract these transactions from the previous balances to prepare your adjusted trial balance.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.