Intermediate Accounting (2nd Edition)
2nd Edition
ISBN: 9780134730370
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
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Textbook Question
Chapter 4, Problem 4.18E
Magic Cleaning Services Unadjusted Trial Balance At December 31 | ||
Account | Debit | Credit |
Cash | $430,900 | |
Accounts Receivable | 158,000 | |
Supplies | 111,000 | |
Prepaid Rent | 2.400 | |
Building Accounts Payable |
90,000 | $45,900 |
Unearned Service Revenue | 98,000 | |
Common Stock | 100,000 | |
0 | ||
Service Revenue | 619,200 | |
Wage Expense | 48,600 | |
Utilities Expense | 6,200 | |
Administrative Expense | 16,000 | |
Totals | $863,100 | $863,100 |
Required
- a. Journalize necessary adjusting journal entries Omit explanations.
- b. Prepare an adjusted trial balance as of December 31 2018.
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Intermediate Accounting (2nd Edition)
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