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3 Table Q3 shows the unadjusted trial balance for Tren Dee Realty Company for July 2017. Table Q3 : Trial Balance as at 31 July 2017 Tren Dee Realty Company Trial Balance July 31, 2017 Debit Balances Credit Balances Cash 10,200 34,750 Accounts Receivable Prepaid Insurance Supplies Land 6,000 1,725 50,000 155,750 Building Accumulated Depreciation - Building Equipment Accumulated Depreciation - Equipment Accounts Payable Unearned Rent Share Capital -- Ordinary Retained Earnings Dividends Fees Earned Salaries and Wages Expense Utilities Expense | Advertising Expense Repairs Expense Miscellancous Expense 62,850 45,000 17,650 3,750 3,600 60,000 93,550 8,000 158,600 56,850 14,100 7,500 6,100 4,025 400,000 400,000 The data needed to determine year-end adjustments are as follows: • Depreciation of building for the year, RM6,400. • Depreciation of equipment for the year, RM2,800. • Accrued salaries and wages at July 31, RM900. • Unexpired insurance at July 31, RM1,500, • Fees earned but unbilled on July 31, RM10,200. • Supplies on hand at July 31, RM615. • Rent unearned at July 31, RM300. (a) Prepare the journal entries for the above adjustments. (b) Prepare an adjusted trial balance for Tren Dee Realty as at July 31, 2017.

3 Table Q3 shows the unadjusted trial balance for Tren Dee Realty Company for July 2017. Table Q3 : Trial Balance as at 31 July 2017 Tren Dee Realty Company Trial Balance July 31, 2017 Debit Balances Credit Balances Cash 10,200 34,750 Accounts Receivable Prepaid Insurance Supplies Land 6,000 1,725 50,000 155,750 Building Accumulated Depreciation - Building Equipment Accumulated Depreciation - Equipment Accounts Payable Unearned Rent Share Capital -- Ordinary Retained Earnings Dividends Fees Earned Salaries and Wages Expense Utilities Expense | Advertising Expense Repairs Expense Miscellancous Expense 62,850 45,000 17,650 3,750 3,600 60,000 93,550 8,000 158,600 56,850 14,100 7,500 6,100 4,025 400,000 400,000 The data needed to determine year-end adjustments are as follows: • Depreciation of building for the year, RM6,400. • Depreciation of equipment for the year, RM2,800. • Accrued salaries and wages at July 31, RM900. • Unexpired insurance at July 31, RM1,500, • Fees earned but unbilled on July 31, RM10,200. • Supplies on hand at July 31, RM615. • Rent unearned at July 31, RM300. (a) Prepare the journal entries for the above adjustments. (b) Prepare an adjusted trial balance for Tren Dee Realty as at July 31, 2017.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter22: Accounting For Changes And Errors.
Section: Chapter Questions
Problem 9C
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Q3 Table Q3 shows the unadjusted trial balance for Tren Dee Realty Company for July 2017. Table Q3 : Trial Balance as at 31 July 2017 Tren Dee Realty Company Trial Balance July 31, 2017 Debit Balances Credit Balances 10,200 34,750 6,000 1,725 50,000 155,750 Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation - Building Equipment Accumulated Depreciation - Equipment Accounts Payable Unearned Rent Share Capital – Ordinary Retained Earnings Dividends Fees Earned Salaries and Wages Expense Utilities Expense Advertising Expense Repairs Expense Miscellaneous Expense 62,850 45,000 17,650 3,750 3,600 60,000 93,550 8,000 158,600 56,850 14,100 7,500 6,100 4,025 400,000 400,000 The data needed to determine year-end adjustments are as follows: • Depreciation of building for the year, RM6,400. • Depreciation of equipment for the year, RM2,800. • Accrued salaries and wages at July 31, RM900. • Unexpired insurance at July 31, RM1,500. • Fees earned but unbilled on July 31, RM10,200. • Supplies on hand at July 31, RM615. • Rent unearned at July 31, RM300. (a) Prepare the journal entries for the above adjustments. (b) Prepare an adjusted trial balance for Tren Dee Realty as at July 31, 2017.
Transcribed Image Text:Q3 Table Q3 shows the unadjusted trial balance for Tren Dee Realty Company for July 2017. Table Q3 : Trial Balance as at 31 July 2017 Tren Dee Realty Company Trial Balance July 31, 2017 Debit Balances Credit Balances 10,200 34,750 6,000 1,725 50,000 155,750 Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation - Building Equipment Accumulated Depreciation - Equipment Accounts Payable Unearned Rent Share Capital – Ordinary Retained Earnings Dividends Fees Earned Salaries and Wages Expense Utilities Expense Advertising Expense Repairs Expense Miscellaneous Expense 62,850 45,000 17,650 3,750 3,600 60,000 93,550 8,000 158,600 56,850 14,100 7,500 6,100 4,025 400,000 400,000 The data needed to determine year-end adjustments are as follows: • Depreciation of building for the year, RM6,400. • Depreciation of equipment for the year, RM2,800. • Accrued salaries and wages at July 31, RM900. • Unexpired insurance at July 31, RM1,500. • Fees earned but unbilled on July 31, RM10,200. • Supplies on hand at July 31, RM615. • Rent unearned at July 31, RM300. (a) Prepare the journal entries for the above adjustments. (b) Prepare an adjusted trial balance for Tren Dee Realty as at July 31, 2017.
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