College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570



College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

Here are the accounts in the ledger of Misha’s Jewel Box, with the balances as of December 31, the end of its fiscal year.



Here are the data for the adjustments. Assume that Misha’s Jewel Box uses the perpetual inventory system.

a. Merchandise Inventory at December 31, $124,630.

b. Insurance expired during the year, $1,294.

c. Depreciation of building, $3,300.

d. Depreciation of store equipment, $6,470.

e. Salaries accrued at December 31, $2,470.

f. Store supplies inventory (on hand) at December 31, $1,959.


  1. 1. Complete the work sheet after entering the account names and balances onto the work sheet. Ignore this step if using CLGL.
  2. 2. Journalize the adjusting entries. If using manual working papers, record adjusting entries on journal page 63.


To determine

Prepare worksheet for M Jewel Box as of December 31 from the given ledger account.


Trial balance: Trial balance is a summary of all the ledger accounts balances presented in a tabular form with two column, debit and credit. It checks the mathematical accuracy of the ledger postings and helps preparing the final accounts.

Income statement: The financial statement which reports revenues and expenses from business operations and the result of those operations as net income or net loss for a particular time period is referred to as income statement...


To determine

Journalize the adjusting entry.

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

Why should policymakers think about incentives?

Principles of Microeconomics (MindTap Course List)

What are the three phases of human resources management?

Foundations of Business (MindTap Course List)

RISK AND RETURN Assume that you recently graduated with a major in finance. You just landed a job as a financia...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Explain the function of each of the four closing entries made by Sunflower Cycle.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)