kindly solve part a and b given below are the Unadjusted Trial Balance & Adjusted Trial Balancecolumns prepared for the Greece Corporation for the month ended March 31,2010.Adjusted TrialUnadjusted Trial BalanceBalanceParticularsDebitCreditDebitCreditCash4980049800Commissions Receivable30000385002400Office SuppliesOffice EquipmentAccumulated Depreciation: Office EquipmentAccounts PayableSalaries Payable60006600066000242002530016600166005500Unearned Commissions40001900Capital Stock123000123000Dividends1000010000Commissions Earned6900079600Salaries ExpenseRent ExpenseOffice Supplies Expense600006550015000150003600Depreciation Expense: Office Equipment1100Total236800 236800251900251900Instructions:a. Prepare necessary adjusting entries from the two-trial balance givenabove.b. Prepare Closing Entries & After Closing Trial Balance for the month ended31 March 2010

The entries that are to be chronicled at the conclusion of the year to adjust the accounts are known…

given below are the Unadjusted Trial Balance & Adjusted Trial Balance columns prepared for the Greece Corporation for the month ended March 31, 2010. Adjusted Trial Unadjusted Trial Balance Balance Particulars Debit Credit Debit Credit Cash 49800 49800 Commissions Receivable 30000 38500 Office Supplies Office Equipment 6000 2400 66000 66000 Accumulated Depreciation: Office Equipment Accounts Payable Salaries Payable Unearned Commissions Capital Stock Dividends Commissions Earned Salaries Expense Rent Expense Office Supplies Expense 24200 25300 16600 16600 5500 1900 123000 4000 123000 10000 10000 69000 79600 60000 65500 15000 15000 3600 Depreciation Expense: Office Equipment 1100 Total 236800 236800 251900 251900 Instructions: a. Prepare necessary adjusting entries from the two-trial balance given above. b. Prepare Closing Entries & After Closing Trial Balance for the month ended 31 March 2010

given below are the Unadjusted Trial Balance & Adjusted Trial Balance columns prepared for the Greece Corporation for the month ended March 31, 2010. Adjusted Trial Unadjusted Trial Balance Balance Particulars Debit Credit Debit Credit Cash 49800 49800 Commissions Receivable 30000 38500 Office Supplies Office Equipment 6000 2400 66000 66000 Accumulated Depreciation: Office Equipment Accounts Payable Salaries Payable Unearned Commissions Capital Stock Dividends Commissions Earned Salaries Expense Rent Expense Office Supplies Expense 24200 25300 16600 16600 5500 1900 123000 4000 123000 10000 10000 69000 79600 60000 65500 15000 15000 3600 Depreciation Expense: Office Equipment 1100 Total 236800 236800 251900 251900 Instructions: a. Prepare necessary adjusting entries from the two-trial balance given above. b. Prepare Closing Entries & After Closing Trial Balance for the month ended 31 March 2010

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 13PA: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...

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