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crown_advisory_adjusting_entries_solution

crown_advisory_adjusting_entries_solution - Fees Revenue...

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TRIAL BALANCE OF CROWN ADVISORY SERVICES UNADJUSTED TRIAL BALANCE ADJUSTMENTS TOTAL AMOUNTS ADJUSTED TRIAL BALANCE Debit Credit Debit Credit Debit Credit Debit Credit Cash 8,250 8,250 0 8,250 0 Accounts Receivable 4,125 1,100 5,225 0 5,225 0 Office Supplies 1,331 1,199 1,331 1,199 132 0 Prepaid Rent 660 220 660 220 440 0 Office Equipment 4,620 4,620 0 4,620 0 Accumulated Depreciation (Office Eq.) 770 330 0 1,100 0 1,100 Accounts Payable 2,970 0 2,970 0 2,970 Notes Payable 5,500 0 5,500 0 5,500 Unearned Fees 1,485 902 902 1,485 0 583 Molly Sklar, Capital 12,001 0 12,001 0 12,001 Molly Sklar, Withdrawings 11,000 11,000 0 11,000 0 Fees Revenue 36,300 2,002 0 38,302 0 38,302 Salaries Expense 24,700 165 24,865 0 24,865 0 Rent Expense 2,200 220 2,420 0 2,420 0 Utility Expense 2,140 2,140 0 2,140 0 Supplies Expense 1,199 1,199 0 1,199 0 Depreciation Expense 330 330 0 330 0 Interest Expense 275 275 0 275 0 Accrued Interest 275 0 275 0 275 Accrued Salaries 165 0 165 0 165 59,026 59,026 4,191 4,191 63,217 63,217 60,896 60,896
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