How to do Answer it? For the month ended September 30, 2021Statement ofComprehensiveIncome (SCI)Statement ofFinancial PositionUnadjusted Trial BalanceAdjusting EntiesAdjusted Trial BalanceAdjusting Entries1 Insurance Expense(SFP)DebitCreditDebit798,983.00CreditDebitDebitCreditCreditDebitCreditDebitCredit500Cash500.00 798,483.00Prepaid Insurance50097,500.002 Bad Debts ExpenseAccounts Receivable975Allowance for Bad Debts975.00Allowance for Bad Debts975Merchandise Inventory3 Supplies Expense23.000.001000Supplies4,250.001,000.00Supplies4 Depreciation ExpenseAccumulated Depreciation-DE1000Prepaid InsuranceDelivery Equipment6,000.00500.002083250,000.002083Accumulated Depreciation-DE2,083.00Accounts Payable256,000.005 Credit Card Fee500Sales Tax Payable2,814.00Cash500Steve Senior, Capital250.000.0050585058Steve Senior, Drawing1,200.00Income SummarySales682,619.00Advertising Expense2,100.00Credit Card Fee Expense500.00Insurance ExpenseMiscellaneous Expense1,200.00500.00800.00Rent Expense4,200.00Supplies ExpenseUtilities Expense1,200.001,000.001,000.00Total1,191,433.00 1,191,433.00Bad Debts WxpenseDepreciation Expense975.002,083.005,058.00 5,058.00Total

Unadjusted Trial Balance Adjusting Enties Adjusted Trial Balance Comprehensive Income (SCI) Debit Financial Position Adjusting Entries 1 Insurance Expense Prepaid Insurance 2 Bad Debts Expense Allowance for Bad Debts 3 Supplies Expense Supplies 4 Depreciation Expense Accumulated Depreciation-DE (SFP) Debit Credit 500 Debit Credit Debit Credit Debit Credit Credit Debit Credit Cash 798,983.00 500.00 798,483.00 00 sccounts Receivable 97,500.00 975 allowance for Bad Debts ferchandise Inventory 975.00 975 23,000.00 1000 4,250.00 upplies repaid Insurance 1,000.00 1000 6,000 00 500.00 2083 elivery Equipment accumulated Depreciation-DE 250,000.00 2083 2,083.00 ccounts Payable 256,000.00 5 Credit Card Fee 500 ales Tax Payable 2,814.00 50 Cash teve Senior, Capital 250,000.00 5058 5058 teve Senior, Drawing 1,200.00 ncome Summary ales 682.619.00 advertising Expense 2,100.00 Credit Card Fee Expense 500.00 nsurance Expense 1,200.00 500.00 fiscellaneous Expense 800.00 Cent Expense 4,200.00 upplies Expense tilities Expense 1,200.00 1,000.00 1,000.00 Fotal 1.191.433.00l1.191.433.0o

Unadjusted Trial Balance Adjusting Enties Adjusted Trial Balance Comprehensive Income (SCI) Debit Financial Position Adjusting Entries 1 Insurance Expense Prepaid Insurance 2 Bad Debts Expense Allowance for Bad Debts 3 Supplies Expense Supplies 4 Depreciation Expense Accumulated Depreciation-DE (SFP) Debit Credit 500 Debit Credit Debit Credit Debit Credit Credit Debit Credit Cash 798,983.00 500.00 798,483.00 00 sccounts Receivable 97,500.00 975 allowance for Bad Debts ferchandise Inventory 975.00 975 23,000.00 1000 4,250.00 upplies repaid Insurance 1,000.00 1000 6,000 00 500.00 2083 elivery Equipment accumulated Depreciation-DE 250,000.00 2083 2,083.00 ccounts Payable 256,000.00 5 Credit Card Fee 500 ales Tax Payable 2,814.00 50 Cash teve Senior, Capital 250,000.00 5058 5058 teve Senior, Drawing 1,200.00 ncome Summary ales 682.619.00 advertising Expense 2,100.00 Credit Card Fee Expense 500.00 nsurance Expense 1,200.00 500.00 fiscellaneous Expense 800.00 Cent Expense 4,200.00 upplies Expense tilities Expense 1,200.00 1,000.00 1,000.00 Fotal 1.191.433.00l1.191.433.0o

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 16PB: Prepare an adjusted trial balance from the following account information, and also considering the...

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