Financial Accounting, Student Value Edition (5th Edition)
5th Edition
ISBN: 9780134728520
Author: Robert Kemp, Jeffrey Waybright
Publisher: PEARSON
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Textbook Question
Chapter 3, Problem 49BP
Re-creating adjusting
Assume the unadjusted and adjusted trial balances for Affordable Pet Dental, Inc., at September 30, 2018, show the following data:
| Affordable Pet Dental, Inc. Trial Balance September 30,2018 |
||||||
| UNADJUSTED TRIAL BALANCE |
ADJUSTED TRIAL BALANCE |
|||||
| ACCOUNT | DR. | CR. | DR. | CR. | ||
| Cash | $ 10,100 | $ 10,100 | ||||
| Accounts Receivable | 9,200 | 9,200 | ||||
| Supplies | 900 | 600 | ||||
| Prepaid Rent | 2,150 | 1,500 | ||||
| Equipment | 66,000 | 66,000 | ||||
| $ 14,700 | $ 16,200 | |||||
| Accounts Payable | 1,100 | 1,100 | ||||
| Salaries Payable | 1,750 | |||||
| Interest Payable | 360 | |||||
| Unearned Service Revenue | 3,200 | 1,600 | ||||
| Notes Payable | 45,000 | 45.000 | ||||
| Common Stock | 5,000 | 5,000 | ||||
| 11,200 | 11,200 | |||||
| Dividends | 13,900 | 13,900 | ||||
| Service Revenue | 47,400 | 49,000 | ||||
| Salaries Expense | 20,300 | 22,050 | ||||
| Rent Expense | 3,150 | 3,800 | ||||
| Depreciation Expense. Equipment | 1,250 | 2,750 | ||||
| Interest Expense | 650 | 1,010 | ||||
| Supplies Expense | 300 | |||||
| Total | $127,600 | $127,600 | $131,210 | $131,210 | ||
Requirement
- 1. Journalize the
adjusting entries that account for the differences between the two trial balances.
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ACCOUNT
VALUE
Accounts Receivable
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Accumulated Depreciation - Furniture
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Adjusted Trial BalanceDecember 31, 2016Month ended December 31, 2016Smart Books LearningSmart Touch LearningUnadjusted Trial Balance
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Chapter 3 Solutions
Financial Accounting, Student Value Edition (5th Edition)
Ch. 3 - If XYZ Consulting performs a consulting service,...Ch. 3 - Prob. 2DQCh. 3 - Prob. 3DQCh. 3 - Prob. 4DQCh. 3 - Prob. 5DQCh. 3 - Prob. 6DQCh. 3 - Prob. 7DQCh. 3 - Prob. 8DQCh. 3 - What kind of account is accumulated depreciation?...Ch. 3 - Prob. 10DQ
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How JOURNAL ENTRIES Work (in Accounting); Author: Accounting Stuff;https://www.youtube.com/watch?v=Y-_Q3rANyxU;License: Standard Youtube License