A Company Unadjusted Trial Balance December 31, 2020 Cash $ 27,300 Accounts receivable 4,500 Supplies 900 Prepaid Rent 7,800 Equipment 73,500 Accumulated depreciation: equipment $19,400 Accounts payable 5,700 Unearned revenue 3,800 Note payable 20,000 Common stock 35,000 Retained earnings. 1/1/20 6,400 Service revenue 32,600 Salary expense 8,400 Telephone expense 300 Utilities expense 200 _______ Total $122,900 $122,900 Prepare the adjusting entry for the following:(Answers without supporting calculations will receive 0 points.) A count of supplies inventory on hand at year-end showed unused supplies of $175. Debit Credit
A Company Unadjusted Trial Balance December 31, 2020 Cash $ 27,300 Accounts receivable 4,500 Supplies 900 Prepaid Rent 7,800 Equipment 73,500 Accumulated depreciation: equipment $19,400 Accounts payable 5,700 Unearned revenue 3,800 Note payable 20,000 Common stock 35,000 Retained earnings. 1/1/20 6,400 Service revenue 32,600 Salary expense 8,400 Telephone expense 300 Utilities expense 200 _______ Total $122,900 $122,900 Prepare the adjusting entry for the following:(Answers without supporting calculations will receive 0 points.) A count of supplies inventory on hand at year-end showed unused supplies of $175. Debit Credit
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.9BE
Related questions
Question
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A Company Unadjusted December 31, 2020 |
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|
Cash |
$ 27,300 |
|
|
|
4,500 |
|
|
Supplies |
900 |
|
|
Prepaid Rent |
7,800 |
|
|
Equipment |
73,500 |
|
|
|
|
$19,400 |
|
Accounts payable |
|
5,700 |
|
Unearned revenue |
|
3,800 |
|
Note payable |
|
20,000 |
|
Common stock |
|
35,000 |
|
|
|
6,400 |
|
Service revenue |
|
32,600 |
|
Salary expense |
8,400 |
|
|
Telephone expense |
300 |
|
|
Utilities expense |
200 |
_______ |
|
Total |
$122,900 |
$122,900 |
Prepare the
A count of supplies inventory on hand at year-end showed unused supplies of $175.
|
|
|
Debit |
Credit |
|
|
|
|
|
|
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