The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet Accumulated Depreciation $2,736 Fees Earned 15,636 Depreciation Expense 1,200 Insurance Expense 660 Prepaid Insurance 3,712 Supplies 1,872 Supplies Expense 3,981 Net incomne for the period is O $7,059 $9,795 $5,841 $1,475

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 11EB: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...
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The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet:
Accumulated Depreciation
$2,736
Fees Earned
15,636
Depreciation Expense
1,200
Insurance Expense
660
Prepaid Insurance
3,712
Supplies
1,872
Supplies Expense
3,981
Net income for the period is
O S7,059
$9,795
$5,841
$1,475
Transcribed Image Text:The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet: Accumulated Depreciation $2,736 Fees Earned 15,636 Depreciation Expense 1,200 Insurance Expense 660 Prepaid Insurance 3,712 Supplies 1,872 Supplies Expense 3,981 Net income for the period is O S7,059 $9,795 $5,841 $1,475
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