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Year-End Journal Entry Adjustments

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Journal Entry Adjustments - Al Gerome's Services Example

Please adjust the following entries:

Data for the year-end adjustments for Al Gerome's Courier Services are as follows:

1). Insurance expired during the year ($950.00)
2). Depreciation of equipment for the year ($9,860.00)
3). Salaries accrued at December 31 ($5,100.00)
4). Supplies used and not recorded against Supplies account ($1,500)
5). Unbilled services already performed for $15,000 at the end of year

Instructions:
Prepare the necessary adjusting entries for Al Gerome's Services at the end of the period using the form provided.

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Solution Summary

The attached file contains detailed instructions in regards to the necessary year-end journal adjustments required in the Al Gerome's Service Company's exercise.

Solution Preview

The attached, formatted MS Excel spreadsheet contains detailed instruction for completion of the Al Gerome's Service Company year-end adjustment journal entry exercise.

Journal Entry Adjustments - Al Gerome's Services Example

Please adjust the following entries

Data for the year-end adjustments for Al Gerome's Courier Services are as follows:

1). Insurance expired during ...

Purchase this Solution


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