Exercise 4.12 – Preparing Adjusting Entries from a Trial Balance The unadjusted and adjusted trial balances for Tinker Corporation on December 31, 2015, are shown below: TINKER CORPORATION TRIAL BALANCES

Exercise 4.12 – Preparing Adjusting Entries from a Trial Balance
The unadjusted and adjusted trial balances for Tinker Corporation on December 31, 2015, are shown
below:
TINKER CORPORATION
TRIAL BALANCES
DECEMBER 31, 2015
Unadjusted
Adjusted
Debit
Credit
Debit
Credit
Cash . . . .
$ 35.200
$ 35,200
Accounts receivable .
29.120
34,120
Unexpired insurance
1.200
600
Prepaid rent
5.400
3,600
Office supplies
680
Equipment
60,000
60,000
Accumulated depreciation: equipment . . . .
$ 49.000
$ 50.000
Accounts payable . . .
900
900
Notes payable
5,000
5.000
Interest payable
200
250
Salaries payable
2.100
Income taxes payable
1.570
2.170
Unearned revenue
6,800
3,800
Capital stock . .
25,000
25,000
Retained samings . . .
30,000
30,000
Fees earned
91,530
99.530
Advertising expanse
1.500
1,500
Insurance expense
6,600
7,200
Rent experise … . . . ….
19,800
21,600
Office supplies expense
1.200
1,500
Repairs expense
4,800
4.800
Depreciation expense: equipment . . . . . . .
11.000
12,000
Salaries expense . . .
26,300
28,400
Interest expense
200
250
Income taxes expense
7.000
7,600
$210,000
1210,000
$216,750
$218,750
Journalize the nine adjusting entries that the company made on December 31, 2015.

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