For the year ended December 31, 20- Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 25,300 Accounts Receivable 9,800 Merchandise Inventory 19,600 Prepaid Insurance 2,300 Store Equipment 18,600 Accumulated Depreciation- Store Equipment 7,300 Building 41,400 Accumulated Depreciation-Building 27,800 Land 25,600 Accounts Payable 11,800 Wages Payable 600 Mortgage Payable 31,600 Unearned Rental Revenue 1,800 M. Patton, Capital 79,000 M. Patton, Drawing 20,400 Income Summary 19,800 19,600

For the year ended December 31, 20- Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 25,300 Accounts Receivable 9,800 Merchandise Inventory 19,600 Prepaid Insurance 2,300 Store Equipment 18,600 Accumulated Depreciation- Store Equipment 7,300 Building 41,400 Accumulated Depreciation-Building 27,800 Land 25,600 Accounts Payable 11,800 Wages Payable 600 Mortgage Payable 31,600 Unearned Rental Revenue 1,800 M. Patton, Capital 79,000 M. Patton, Drawing 20,400 Income Summary 19,800 19,600

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 7PA: Using the following information: A. make the December 31 adjusting journal entry for depreciation B....

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