Adjusted Trial BalanceAccount TitleDebitCreditCash1,500 Accounts Receivable1,460 Prepaid Insurance800 Supplies900 Equipment5,500 Accumulated Depreciation-Equipment 550Accounts Payable 1,300Wages Payable 760Owner, Capital 6,550Owner, Drawing1,400Service Revenue 8,900Wages Expense3,000 Rent Expense1,500 Supplies Expense900 Utilities Expense600 Depreciation Expense—Equipment 500 18,06018,060 1. From the above adjusted trial balance, journalize the necessary closing entries. Omitexplanations. If an amount box does not require, leave it blank.Page: 1DOC. POST.NO. REF.DATE ACCOUNT TITLEDEBIT CREDIT1Closing Entries1a.23b.4577810 c.10111112 d.1213133.6.4. 2. Prepare a post-closing trial balance.Post-Closing Trial BalanceAccount TitleDebitCreditCashAccounts ReceivablePrepaid InsuranceSuppliesEquipmentAccumulated Depreciation-EquipmentAccounts PayableWages PayableOwner, CapitalTotal%24

An adjusted trial balance is a type of financial statement that is prepared after adjusting journal…

Adjusted Trial Balance Account Title Debit Credit Cash 1,500 Accounts Receivable 1,460 Prepaid Insurance 800 Supplies 900 Equipment 5,500 Accumulated Depreciation-Equipment 550 Accounts Payable 1,300 Wages Payable 760 Owner, Capital 6,550 Owner, Drawing 1,400 Service Revenue 8,900 Wages Expense 3,000 Rent Expense 1,500 Supplies Expense 900 Utilities Expense 600 Depreciation Expense—Equipment 500 18,060 18,060

Adjusted Trial Balance Account Title Debit Credit Cash 1,500 Accounts Receivable 1,460 Prepaid Insurance 800 Supplies 900 Equipment 5,500 Accumulated Depreciation-Equipment 550 Accounts Payable 1,300 Wages Payable 760 Owner, Capital 6,550 Owner, Drawing 1,400 Service Revenue 8,900 Wages Expense 3,000 Rent Expense 1,500 Supplies Expense 900 Utilities Expense 600 Depreciation Expense—Equipment 500 18,060 18,060

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 11EA: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...

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Prêpare a Journal Entries for Accounts Receivables. Is not a graded question If can't the part B is : what would the year-end adjusting journal entry be given the following Allow to DA 375
Fill in the blaknks: A debit entry of 150 to .................. blank........... and a credit entry to .........blank............... A debit entry of ................. blank.......... to ................. blank.......... and a credit entry to suppl The adjusting entries would include:A ................. blank..........entry of 400 to ................. blank.......... and a ................. blank.......... entry of 400 to b................. blank.......... The closing entries would involve a debit entry of ................. blank.......... to service revenue and a debit entry of 3600 to ................. blank..........
c. Of the above accounts, Y5,000 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account
Fill the blanks: The adjusting entries would include a debit to ....blank.... for 1250 and a credit to ....blank.... The adjusting entries would include a ....blank.... to accounts receivable for ....blank.... The adjusting entry would include a debit to....blank.... for 150 and a credit to ....blank....
Journalize the following adjustments. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 1,527.) 1. Services performed for customers through February 27, 2022, but unbilled and uncollected were $3,120. 2. Received notice that a customer who was billed $160 for services performed February 10 has filedfor bankruptcy. Sage Hill Cleaning Services does not expect to collect any portion of this outstanding receivable. 3. Sage Hill Cleaning Services uses the allowance method to estimate bad debts. Sage Hill Cleaning Services estimates that 3%of its month-end receivables will not be collected. 4. Record 1 month of depreciation for the floor equipment. Use the straight-line method, anestimated life of 4 years, and $410 salvage value. 5.…
After the closing entries have been posted, all temporary accounts should have ____. Select one: a. either a debit or credit balance b. a zero balance c. a debit balance d. a credit balance
Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data: Unadjusted Trial Balance Account Title Debit (DR) Credit (CR) Fixed Assets $120,000 Accumulated Depreciation $24,000 Prepaid Rent $18,000 Unearned Revenue $3,500 1) Depreciation on Fixed Assets, $8,500: 2) Unexpired Prepaid Rent, $12,500: 3) Unearned Revenue, $555:
P7 Record the necessary closing entries as of December 31, 2019 and then post the closing entries to the general ledger in Requirement 2B. Requirement 2B: https://imgur.com/a/e8LvE7q 1. Record the closure of revenue account(s). 2. Record the closure of expense account(s). 3. Record the closure of the income summary account. 4. Record the closure of the dividend account.
c. Journalize the entry to record the receipt of the amount due by Beasley Co. on January 7, 20Y4. If an amount box does not require an entry, leave it blank.
Windsor was founded in January 2013. Presented below are adjusted and unadjusted trial balances as of December 31, 2020. (a)Journalize the annual adjusting entries that were made. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (b1) The parts of this question must be completed in order. This part will be available when you complete the part above. (b2) The parts of this question must be completed in order. This part will be available when you complete the part above. (b3) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above.
Consider the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Account Title Debit Credit Fixed Assets $124,000 Accumulated Depreciation $24,100 Prepaid Rent 18,300 Unearned Revenue 4,000 A. Depreciation on fixed assets, $9,000 B. Unexpired prepaid rent, $12,700 C. Remaining balance of unearned revenue, $560 Prepare adjusting journal entries, as needed. If an amount box does not require an entry, leave it blank. A. B.. C.
From the adjusting entries below, prepare the reversing entry(ies) that would be needed for January 1. GENERAL JOURNALPage 1 DateDescriptionPostRef. DebitCreditAdjusting EntriesDec.31Work in Process Inventory17,333.00Factory Overhead17,333.0031Interest Receivable2,367.00Interest Revenue2,367.0031Office Supplies Expense6,319.00Office Supplies6,319.0031Factory Overhead15,841.00Factory Supplies15,841.0031Bad Debt Expense4,320.00Allowance for Bad Debts4,320.0031Factory Overhead1,927.00Prepaid Insurance1,927.0031Factory Overhead6,210.00Accumulated Depreciation—FactoryBuilding6,210.0031Factory Overhead14,253.00Accumulated Depreciation—FactoryEquipment14,253.00

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Adjusted Trial Balance
Account Title	Debit	Credit
Cash	1,500
Accounts Receivable	1,460
Prepaid Insurance	800
Supplies	900
Equipment	5,500
Accumulated Depreciation-Equipment		550
Accounts Payable		1,300
Wages Payable		760
Owner, Capital		6,550
Owner, Drawing	1,400
Service Revenue		8,900
Wages Expense	3,000
Rent Expense	1,500
Supplies Expense	900
Utilities Expense	600
Depreciation Expense—Equipment	500
	18,060	18,060