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CengageNOWv2 | Online t Updates Available Your computer will restart to complete these updates Details ) + v2.cengagenow.com/il rn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator;=assignment-t. -(asearch Restart HW Ch3 Show Me How Calculator Print Hem Adjusting entries from trial balances 1. EX3-1 2. EX3-2 3. EX3-3 Chart of Accounts Adjusted Trial Balance e unadjusted and adjusted trial balances for American Leaf Company on October 31, 116, follow: Journalize the five entries that adjusted the accounts at October 31, 2016. None of the accounts were affected by more than one adjusting entry. Refer to the Chart of Accounts for exact wording of account tities. 5. EX3-4.ALGO 6. Ex.3-6.Algo 7. Ex.3-7.Algo 8. Ex.3-8.Algo 9. EX3-9 10. Ex.3-10 Algo 11. Ex.3-11.Algo 12. Ex.3-13.Algo 13. EX.3-14.ALGO 14. Ex.3-17 Algo 15. Ex.3-18 Algo 16. EX.3-19.ALGO American Leaf Company ADJUSTED TRIAL BALANCE October 31, 2016 American Leaf Company UNADJUSTED TRIAL BALANCE October 31, 2016 PAGE 1 Cash DATE POST. REF 2 Accounts Receivable ACCOUNT TITLE Adjusting Entries Accounts Receivable Supplies Prepaid Insurance Supplis Prepaid Insurance Land 10.00 2700 41.00 8 Accounts Payable 2700 700 9 Wages Payable Accounts Payable Wages Payable Common Stock Retained Eamings 270010 Common Stock Retained Eamings 2200 1 Dividends 10.00 74003 Fees Earmed 76.00 17. EX.3-20.ALGO Wages Expense 25.00 18. EX.3-21.ALGO 7000 5 Rent Expense Fees Eamed Wages Expense Rent Expense nsurance Expense Utilities Expense 6.00 16 Insurance Expense 17 Ut lities Expense 18 Depreciation Expense 9Supplies Expense 19. EX.3-22.ALGO 23.00 6.00 20. EX.3-23.ALGO 21. EX.3-24.ALGO 22. Ex.3-25 Algo 23. Ex.3-26 Algo 24. Ex.3-27 Algo 25. EX.3-28.ALGO 26. Ex.3-29 Algo 5.00 3.00 Miscellanecus Experse Totals Previous Next> Progress: 23/26 items Check My Work t Score: 71.08% All work saved. Emall Instructor Save and Exit Submit Assignment for Grading

Explanation / Answer

1) Accounts Recivables ($44 - $38) $6
   Fees Earned ($80-$74) $6

2) Supplies Expenses($2 -$0) $2
Supplies($12 - $10) $2

3) Insurance Expenses ($12-$0) $12
   Prepaid Insurance ($20 - $8) $12

4) Depreciation Expense ($4-$0) $4
  Accumulated Depreciation—Equipment ($12 - $8) $4

5) Wages Expenses ($26 -$24) $2
Wages Payable ($2-$0) $2

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