Homework Help is Here – Start Your Trial Now!
Business
Accounting
Good Note Company specializes in the repair of music equipment and is owned and oper- ated by Robin Stahl. On November 30, 2019, the end of the current year, the accountant for Good Note prepared the following trial balances: Good Note Company Trial Balances November 30, 2019 Unadjusted Adjusted Credit Debit Balances Balances Credit Debit Balances Balances Cash 38,250 89,500 38,250 89,500 Accounts Receivable. Supplies.... Prepaid Insurance. Equipment.... Accumulated Depreciation-Equipment . Automobiles.. 11,250 2,400 3,850 14,250 290,450 290,450 94,500 106,100 129,500 129,500 Accumulated Depreciation-Automobiles Accounts Payable Salaries Payable ... 54,750 62,050 24,930 26,130 8,100 18,000 324,020 Unearned Service Fees. Robin Stahl, Capital Robin Stahl, Drawing 9,000 324,020 75,000 75,000 Service Fees Earned 733,800 742,800 Salary Expense. Rent Expense Supplies Expense.. Depreciation Expense-Equipment.. Depreciation Expense-Automobiles.. Utilities Expense Taxes Expense.. Insurance Expense Miscellaneous Expense 516,900 525,000 54,000 54,000 8,850 11,600 7,300 12,900 14,100 .... 8,175 10,400 9,825 1,278,200 1,278,200 8,175 9,825 1,250,000 1,250,000 Instructions Journalize the seven entries that adjusted the accounts at November 30. None of the ac- counts were affected by more than one adjusting entry.

Good Note Company specializes in the repair of music equipment and is owned and oper- ated by Robin Stahl. On November 30, 2019, the end of the current year, the accountant for Good Note prepared the following trial balances: Good Note Company Trial Balances November 30, 2019 Unadjusted Adjusted Credit Debit Balances Balances Credit Debit Balances Balances Cash 38,250 89,500 38,250 89,500 Accounts Receivable. Supplies.... Prepaid Insurance. Equipment.... Accumulated Depreciation-Equipment . Automobiles.. 11,250 2,400 3,850 14,250 290,450 290,450 94,500 106,100 129,500 129,500 Accumulated Depreciation-Automobiles Accounts Payable Salaries Payable ... 54,750 62,050 24,930 26,130 8,100 18,000 324,020 Unearned Service Fees. Robin Stahl, Capital Robin Stahl, Drawing 9,000 324,020 75,000 75,000 Service Fees Earned 733,800 742,800 Salary Expense. Rent Expense Supplies Expense.. Depreciation Expense-Equipment.. Depreciation Expense-Automobiles.. Utilities Expense Taxes Expense.. Insurance Expense Miscellaneous Expense 516,900 525,000 54,000 54,000 8,850 11,600 7,300 12,900 14,100 .... 8,175 10,400 9,825 1,278,200 1,278,200 8,175 9,825 1,250,000 1,250,000 Instructions Journalize the seven entries that adjusted the accounts at November 30. None of the ac- counts were affected by more than one adjusting entry.

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter3: The Adjusting Process
Section: Chapter Questions
Problem 4PA: Good Note Company specializes in the repair of music equipment and is owned and operated by Robin...
See similar textbooks
icon
Related questions
Question
100%
Good Note Company specializes in the repair of music equipment and is owned and oper- ated by Robin Stahl. On November 30, 2019, the end of the current year, the accountant for Good Note prepared the following trial balances: Good Note Company Trial Balances November 30, 2019 Unadjusted Adjusted Credit Debit Balances Balances Credit Debit Balances Balances Cash 38,250 89,500 38,250 89,500 Accounts Receivable. Supplies.... Prepaid Insurance. Equipment.... Accumulated Depreciation-Equipment . Automobiles.. 11,250 2,400 3,850 14,250 290,450 290,450 94,500 106,100 129,500 129,500 Accumulated Depreciation-Automobiles Accounts Payable Salaries Payable ... 54,750 62,050 24,930 26,130 8,100 18,000 324,020 Unearned Service Fees. Robin Stahl, Capital Robin Stahl, Drawing 9,000 324,020 75,000 75,000 Service Fees Earned 733,800 742,800 Salary Expense. Rent Expense Supplies Expense.. Depreciation Expense-Equipment.. Depreciation Expense-Automobiles.. Utilities Expense Taxes Expense.. Insurance Expense Miscellaneous Expense 516,900 525,000 54,000 54,000 8,850 11,600 7,300 12,900 14,100 .... 8,175 10,400 9,825 1,278,200 1,278,200 8,175 9,825 1,250,000 1,250,000 Instructions Journalize the seven entries that adjusted the accounts at November 30. None of the ac- counts were affected by more than one adjusting entry.
Transcribed Image Text:Good Note Company specializes in the repair of music equipment and is owned and oper- ated by Robin Stahl. On November 30, 2019, the end of the current year, the accountant for Good Note prepared the following trial balances: Good Note Company Trial Balances November 30, 2019 Unadjusted Adjusted Credit Debit Balances Balances Credit Debit Balances Balances Cash 38,250 89,500 38,250 89,500 Accounts Receivable. Supplies.... Prepaid Insurance. Equipment.... Accumulated Depreciation-Equipment . Automobiles.. 11,250 2,400 3,850 14,250 290,450 290,450 94,500 106,100 129,500 129,500 Accumulated Depreciation-Automobiles Accounts Payable Salaries Payable ... 54,750 62,050 24,930 26,130 8,100 18,000 324,020 Unearned Service Fees. Robin Stahl, Capital Robin Stahl, Drawing 9,000 324,020 75,000 75,000 Service Fees Earned 733,800 742,800 Salary Expense. Rent Expense Supplies Expense.. Depreciation Expense-Equipment.. Depreciation Expense-Automobiles.. Utilities Expense Taxes Expense.. Insurance Expense Miscellaneous Expense 516,900 525,000 54,000 54,000 8,850 11,600 7,300 12,900 14,100 .... 8,175 10,400 9,825 1,278,200 1,278,200 8,175 9,825 1,250,000 1,250,000 Instructions Journalize the seven entries that adjusted the accounts at November 30. None of the ac- counts were affected by more than one adjusting entry.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS