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Journalize the six adjusting entries - 29 Nov, 2012

Journalize the six entries that adjust the accounts at December 31. One of the accounts was affected by  two different adjusting entries.

 

Unadjusted
Trial Balance

Adjusted
Trial Balance

Cash

3,000

 

3,000

 

Accounts Receivable

30,000

 

30,500

 

Supplies

1,700

 

100

 

Prepaid Insurance

2,000

 

400

 

Equipment

9,000

 

9,000

 

Accumulated Depreciation

 

 

 

1,500

Wages Payable

 

 

 

4,000

Unearned Fees

 

6,000

 

1,500

Ann Cole, Capital

 

20,000

 

20,000

Fees Earned

 

62,000

 

67,000

Wages Expense

42,300

 

46,300

 

Supplies Expense

 

 

1,600

 

Insurance Expense

 

 

1,600

 

Depreciation Expense

 

 

1,500

 

Total

88,000

88,000

94,000

94,000



Category : Financial Accounting

Search Keywords :
Journalize , Adjusting , Entries , Unadjusted , Adjusted , Trial , Balance 


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Answer  - 29 Nov, 2012
Please see the excel attachment....


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