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Journalize the adjusting entries indicated by the following

30) Journalize the adjusting entries indicated by the following trial balance and adjusted trial balance. (5 points)

Accounts Trial Balance Adjustments Adjusted Trial
Balance
Debit Credit Debit Credit Debit Credit
Cash 2,000 2,000
Prepaid Insurance 4,000 2,000
Office Supplies 1,000 600
Office equipment 16,000 16,000
Accumulated depreciation 2,000 3,000
Accounts payable 5,000 5,000
Salaries payable 900
Unearned service revenue 4,500 c 2,500
Don Smith, capital 7,450 7,450
Don Smith, withdrawals 5,600 5,600
Service revenue 13,350 c 2,000 15,350
Salaries expense 3,700 e 4,600
Depreciation expense d 1,000
Supplies expense a 400
Insurance expense b 2,000
Totals 32,300 32,300 34,200 34,200

ACCOUNTS DEBIT CREDIT

a.

b.

c.

Solution Preview

30) Journalize the adjusting entries indicated by the following trial balance and adjusted trial balance. (5 points)

Accounts Trial Balance Adjustments Adjusted Trial Balance
Debit Credit Debit Credit Debit Credit

Cash 2,000 2,000
Prepaid Insurance 4,000 ...

Solution Summary

This solution is comprised of a detailed explanation to journalize the adjusting entries indicated by the following trial balance and adjusted trial balance.

$2.19