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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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 30 Utilities Expense ........................................ Utilities Payable .............................. 732 244 150 150 30 Insurance Expense .................................... Prepaid Insurance ........................... ($3,000 ÷ 12 months) 722 130 250 250 30 Unearned Service Revenue ...................... Service Revenue ............................. 209 400 2,500 2,500 30 Salaries Expense ....................................... Salaries Payable ............................. 726 212 2,000 2,000 30 Depreciation Expense ............................... Accumulated Depreciation— Office Equipment ........................ ($15,000 ÷ 60 months) 711 158 250 250 30 Accounts Receivable ................................ Service Revenue ............................. 112 400 1,000 1,000 Part B Cash No. 101 Date Explanation Ref. Debit Credit Balance 2008 June 30 Balance 7,150 Accounts Receivable No. 112 Date Explanation Ref. Debit Credit Balance 2008 June 30 30 Balance Adjusting J3 1,000 6,000 7,000 Supplies No. 126 Date Explanation Ref. Debit Credit Balance
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2008 June 30 30 Balance Adjusting J3 1,400 2,000 600 Prepaid Insurance No. 130 Date Explanation Ref. Debit Credit Balance 2008 June 30 30 Balance Adjusting J3 250 3,000 2,750 Office Equipment No. 157 Date Explanation Ref. Debit Credit
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