E3-13 - $71,500 $74,500 $74,500 Instructions Prepare the...

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The trial balances before and after adjustment for Garcia Company at the end of its fiscal year are presented below. GARCIA COMPANY Trial Balance August 31, 2008 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,400 $10,400 Accounts Receivable 8,800 9,800 Office Supplies 2,300
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700 Prepaid Insurance 4,000 2,500 Office Equipment 14,000 14,000 Accumulated Depreciation–Office Equipment $3,600 $4,500 Accounts Payable 5,800 5,800 Salaries Payable
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-0- 1,100 Unearned Rent 1,500 600 Common Stock 10,000 10,000 Retained Earnings 5,600 5,600 Service Revenue 34,000 35,000
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Rent Revenue 11,000 11,900 Salaries Expense 17,000 18,100 Office Supplies Expense -0- 1,600 Rent Expense 15,000 15,000 Insurance Expense -0- 1,500
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Depreciation Expense -0- 900 $71,500
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Unformatted text preview: $71,500 $74,500 $74,500 Instructions Prepare the adjusting entries that were made. Date Account / Description Debit Credit Aug. 31 Accounts Receivable $ 1000 Service Revenue $ 1000 (To accrue service revenue) Aug. 31 Office Supplies Expense $ 1600 Office Supplies $ 1600 (To record office supplies used) Aug. 31 Insurance Expense $ 1500 Prepaid Insurance $ 1500 (To record expired insurance) Aug. 31 Depreciation Expense $ 900 Acc. Depr-Office Equipment $ 900 (To record depreciation) Aug. 31 Salaries Expense $ 1100 Salaries Payable $ 1100 (To accrue salaries) Aug. 31 Unearned Rent $ 900 Rent Revenue $ 900 (To record earned rent revenue)...
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E3-13 - $71,500 $74,500 $74,500 Instructions Prepare the...

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