Concept explainers
Appendix 1
Adjustment data on an end-of-period spreadsheet
Alert Security Services Co. offers security services to business clients. The
Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2018 | ||||||
Account Title | Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | |||
Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | |
Cash | 12 | |||||
Accounts Receivable | 90 | |||||
Supplies | 8 | |||||
Prepaid Insurance | 12 | |||||
Land | 190 | |||||
Equipment | 50 | |||||
Accum. Depr.—Equipment | 4 | |||||
Accounts Payable | 36 | |||||
Wages Payable | 0 | |||||
Common Stock | 50 | |||||
210 | ||||||
Dividends | 8 | |||||
Fees Earned | 200 | |||||
Wages Expense | 110 | |||||
Rent Expense | 12 | |||||
Insurance Expense | 0 | |||||
Utilities Expense | 6 | |||||
Supplies Expense | 0 | |||||
0 | ||||||
Miscellaneous Expense | 2 | |||||
500 | 500 |
The data for year-end adjustments are as follows:
A. Fees earned, but not yet billed, $13.
B. Supplies on hand, $4.
C. Insurance premiums expired, $10.
D. Depreciation expense, $3.
E. Wages accrued, but not paid, $1.
Enter the adjustment data, and place the balances in the Adjusted Trial Balance columns.
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