Solutions_Wk3_Day6_CheckPoint_Adjusting+Entries,+Posting,+and+Preparing+an+Adjusted+Trial+Balance

Solutions_Wk3_Day6_CheckPoint_Adjusting+Entries,+Posting,+and+Preparing+an+Adjusted+Trial+Balance

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Unformatted text preview: Solutions_Wk3_Day6_CheckPoint_Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance Part A J3 Date Account Titles and Explanation Ref. Debit Credit 2008 June 30 Supplies Expense ...................................... Supplies ........................................... ($2,000 – $600) 631 126 1,400 1,400 3 0 Utilities Expense ........................................ Utilities Payable .............................. 732 244 150 150 3 0 Insurance Expense .................................... Prepaid Insurance ........................... ($3,000 ÷ 12 months) 722 130 250 250 3 0 Unearned Service Revenue ...................... Service Revenue ............................. 209 400 2,500 2,500 3 0 Salaries Expense ....................................... Salaries Payable ............................. 726 212 2,000 2,000 3 0 Depreciation Expense ............................... Accumulated Depreciation— Office Equipment ........................ ($15,000 ÷ 60 months) 711 158 250 250 3 0 Accounts Receivable ................................ Service Revenue ................................
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This note was uploaded on 05/22/2011 for the course XACC 280 taught by Professor Haskell during the Spring '11 term at University of Phoenix.

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Solutions_Wk3_Day6_CheckPoint_Adjusting+Entries,+Posting,+and+Preparing+an+Adjusted+Trial+Balance

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