Supplies on hand at Dec 31 amounted to $50. The baseball equipment costing $25,000 had an estimated useful life of 5 years with a residual value of $5,000 Insurance Expired,

Supplies on hand at Dec 31 amounted to $50. The baseball equipment costing $25,000 had an estimated useful life of 5 years with a residual value of $5,000 Insurance Expired, $600 Wages earned by employees, but not yet paid amounted to $1300 Journalize & Post the Adjusting Entries Prepare Adjusted Trial Prepair adjusted trail balance Transcribed Image Text: Account
Debit
Credit
Cash
10,000
D.
Accounts Receivable
28,000
Supplies
400
Prepaid Insurance
2,000
Baseball Equipment
25,000
Accumulated Depr.-Baseball Equipment
8,000
Accounts Payable
10,200
Wages Payable
Henry Johns, Capital
42,400
Henry Johns, Withdrawals
2,400
38,000
Service Revenue
14,000
Wages Expense
Utilities Expense
5,800
Insurance Expense
Depreciation Expense
Supplies Expense
Rent Expense
11,000
98,600
98,600
Total

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