Salaries and Wages Payable 4500 Unearned Service Revenue 2.175 1,150 Unearned Rent Revenue 2,100 525 Common Stock 18,395 18,395 Service Revenue 48,800 50,975 Rent Revenue 1,575 3.150 Salaries and Wages Expense 36,225 40,725 Supplies Expense 1875 Insurance Expeme 4,350 Depreciation Expense 1,740 S88,125 $88, 125 $95.515 $95.515 Prepare the adjusting entries that were made. (Credit account titles are automotically indented when the amount is entered Dot idernt manually If no entry is required, select "No Entry" for the account titles and enter O for the anmounts Debit Credit Account Titles and Explanation
Salaries and Wages Payable 4500 Unearned Service Revenue 2.175 1,150 Unearned Rent Revenue 2,100 525 Common Stock 18,395 18,395 Service Revenue 48,800 50,975 Rent Revenue 1,575 3.150 Salaries and Wages Expense 36,225 40,725 Supplies Expense 1875 Insurance Expeme 4,350 Depreciation Expense 1,740 S88,125 $88, 125 $95.515 $95.515 Prepare the adjusting entries that were made. (Credit account titles are automotically indented when the amount is entered Dot idernt manually If no entry is required, select "No Entry" for the account titles and enter O for the anmounts Debit Credit Account Titles and Explanation
Salaries and Wages Payable 4500 Unearned Service Revenue 2.175 1,150 Unearned Rent Revenue 2,100 525 Common Stock 18,395 18,395 Service Revenue 48,800 50,975 Rent Revenue 1,575 3.150 Salaries and Wages Expense 36,225 40,725 Supplies Expense 1875 Insurance Expeme 4,350 Depreciation Expense 1,740 S88,125 $88, 125 $95.515 $95.515 Prepare the adjusting entries that were made. (Credit account titles are automotically indented when the amount is entered Dot idernt manually If no entry is required, select "No Entry" for the account titles and enter O for the anmounts Debit Credit Account Titles and Explanation
Transcribed Image Text:Current Attempt in Progress
The trial balances before and after adjustments for Old Julian Calendars at the end of its fiscal year are presented below.
Old Julian Calendars
Trial Balance
September 31, 2021
Before Adjustment
After Adjustment
Dr.
Cr.
Dr.
Cr.
Cash
$15.080
$15.080
14.960
16.110
Accounts Receivable
2,760
885
Supplies
5,800
1,450
Prepaid Insurance
13.300
13.300
Equipment
$6.960
$5.220
Accumulated Depreciation-Equipment
9860
Accounts Payable
4.500
Salaries and Wages Payable
!!
Transcribed Image Text:Salaries and ages Payabte
4:500
Unearned Service Revenue
2,175
1,150
Unearned Rent Revenue
2,100
525
Common Stock
18,395
18,395
Service Revenue
48,800
50,975
Rent Revenue
1,575
3.150
Salaries and Wages Expense
36,225
40,725
Supplies Expense
1875
Insurance Expense
4,350
Depreciation Expense
1,740
S88,125
$88,125
$95.515
$95,515
Prepare the adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered Do nnt indent
manually. If no entry is required, select "No Entry" for the account titles and enter O for the omounts
Debit
Credit
Account Titles and Explanation
Definition Definition Entries made at the end of every accounting period to precisely replicate the expenses and revenue of the current period. This is also known as end of period adjustment. It can also refer to financial reporting that corrects errors made previously in the accounting period. Every adjustment entry affects at least one real account and one nominal account.
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