PA15.) Prepare an adjusted trial balance from the following account information, consideringthe adjustment; data provided (assume accounts have normal balances). Equipment wasrecently purchased, so there is neither depreciation expense nor accumulated depreciation.Accounts payableAccounts receivableCashCommon stock$ 9,50014,26022,22230,0005,00012,00025,44420,00026,00012,81512,68989,5502,75053,500DividendsEquipmentPrepaid insuranceLandNotes payableRetained earningsInsurance expenseService revenueSuppliesSalaries expenseAdjustments needed:Salaries due to employees, but unpaid at the end of the period, $2,000Insurance still unexpired at end of the period, $12,000

Unadjusted Adjustments Adjusted Particulars Debit in $…

PA15.) Prepare an adjusted trial balance from the following account information, considering the adjustment; data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation. Accounts payable Accounts receivable $ 9,500 14,260 22,222 30,000 5,000 12,000 25,444 20,000 26,000 12,815 12,689 89,550 2,750 53,500 Cash Common stock Dividends Equipment Prepaid insurance Land Notes payable Retained earnings Insurance expense Service revenue Supplies Salaries expense Adjustments needed: Salaries due to employees, but unpaid at the end of the period, $2,000 Insurance still unexpired at end of the period, $12,000

PA15.) Prepare an adjusted trial balance from the following account information, considering the adjustment; data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation. Accounts payable Accounts receivable $ 9,500 14,260 22,222 30,000 5,000 12,000 25,444 20,000 26,000 12,815 12,689 89,550 2,750 53,500 Cash Common stock Dividends Equipment Prepaid insurance Land Notes payable Retained earnings Insurance expense Service revenue Supplies Salaries expense Adjustments needed: Salaries due to employees, but unpaid at the end of the period, $2,000 Insurance still unexpired at end of the period, $12,000

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter22: End-of-fiscal-period Work For A Corporation

Section: Chapter Questions

Problem 1AP

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