Complete the adjusted columns on the worksheet for the income statement and the balance sheet using the adjusting journal entries. Transcribed Image Text: Unadjusted Adjusted Account Title Trial Balance Adjustments

Complete the adjusted columns on the worksheet for the income statement and the balance sheet using the adjusting journal entries. Transcribed Image Text: Unadjusted
Adjusted
Account Title
Trial Balance
Adjustments
Trial Balance
Income Statement
Balance Sheet
DR
CR
DR
CR
DR
CR
DR
CR
DR
CR
Cash
136,789
Accounts Receivable
378,956
Allowance for Doubtful Accounts
16,782
Interest Receivable
Note Receivable
150,000
Merchandise Inventory
Prepaid Insurance
Prepaid Rent
Supplies
Equipment
Accumulated Depreciation – Equipment
Accounts Payable
Salaries & Wages Payable
361,866
60,000
30,000
46,777
400,000
75,000
51,709
Unearned Revenue
24,000
Interest Payable
Utilities Payable
Note Payable (final payment due 2023)
350,000
Common Stock
270,600
Retained Earnings
424,500
Dividends
120,000
4,050,864
35,933
Sales
Consulting Revenue
300,000
100,000
Sales Returns and Allowances
Sales Discounts
1,950,000
1,200,000
Cost of Goods Sold
Salaries & Wages Expense
Depreciation Expense – Equipment
Bad Debt Expense
Insurance Expense
Rent Expense
Supplies Expense
Utilities Expense
65,000
Interest Revenue
Interest Expense
5,299,388
5,299,388
Net Income Transcribed Image Text: General Journal
Date
Account Titles
Debit
Credit
$ 1,575.00
Interest Expense
Interest Payable
а.
1,575
Insurance Expense
Prepaid Insurance
b.
10,000
10,000
Rent Expense
Prepaid Rent
с.
10,000
10,000
d.
Uneaned Revenue
2,000
Service Revenue
2,000
44,277
Supplies Expense
Supplies
е.
44,277
f.
Depreciation Expense
Accumulated Depreciation
75,000
75,000
g.
Note Recievable
588
Cash
588
h.
Bad Debts Expense
21,145
Accounts Recievable
21,145
Accrued Wages
Salaries and Wages Payable
i
70,000
70,000
j.
Utilities Expense
Utilities Payable
7,000
7,000

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