The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 31 Number Account Title 101 Cash Supplies Prepaid insurance 126 128 167 Equipment 168 Accumulated 173 174 183 201 203 208 210 213 236 251 Building Accumulated depreciation-Equipment depreciation-Building Land Accounts payable Interest payable Rent payable Wages payable Property taxes payable. Unearned revenue Long-term notes payable 307 Common stock 318 Retained earnings 319 Dividends 403 Services revenue 406 Rent revenue 409 Interest revenue 606 Depreciation expense-Building 612 Depreciation expense-Equipment 623 633 637 640 652 683 Wages expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense Totals Debit $ 6,500 30,500 8,400 50,000 156,000 74,060 10,100 11,440 7,500 44,600 3,700 8,800 10,300 Credit $ 25,000 52,000 15,000 2,500 3,500 2,200 800 13,200 63,500 6,500 122,600 103,000 15,500 5,600 5,900 3,100 $430,900 $430,900

The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 31 Number Account Title 101 Cash Supplies Prepaid insurance 126 128 167 Equipment 168 Accumulated 173 174 183 201 203 208 210 213 236 251 Building Accumulated depreciation-Equipment depreciation-Building Land Accounts payable Interest payable Rent payable Wages payable Property taxes payable. Unearned revenue Long-term notes payable 307 Common stock 318 Retained earnings 319 Dividends 403 Services revenue 406 Rent revenue 409 Interest revenue 606 Depreciation expense-Building 612 Depreciation expense-Equipment 623 633 637 640 652 683 Wages expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense Totals Debit $ 6,500 30,500 8,400 50,000 156,000 74,060 10,100 11,440 7,500 44,600 3,700 8,800 10,300 Credit $ 25,000 52,000 15,000 2,500 3,500 2,200 800 13,200 63,500 6,500 122,600 103,000 15,500 5,600 5,900 3,100 $430,900 $430,900

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 7PB: Using the following information, A. Make the December 31 adjusting journal entry for depreciation....

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