Ganville Theater Production Company€™s partially completed worksheet as of December 31, 2016, follows.

Requirements
1. Analyze the worksheet to determine the adjusting entries that account for the differences between the unadjusted trial balance and the adjusted trial balance. Complete the worksheet. Use letters a through e to label the five adjustments.
2. Journalize the adjusting entries.

Transcribed Image Text:

GANVILLE THEATER PRODUCTION COMPANY Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Debit Adjusted Trial Balance Account Names Debit Credit Credit Debit Credit Cash Accounts Receivable Office Supplies Piepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Common Stock Dividends Service Revenue Depreciation Expense Equipment Supplies Expense Utilities Expense Salaries Expense Insurance Expense Total S 4,000 6,000 1,300 3,600 28,000 4,000 7,000 400 3,150 28,000 $ 8,800 5,000 12,600 5,000 100 13,500 13,500 31,000 31,000 76,000 77,000 3,800 900 5,400 24,100 450 5,400 24,000 S 103,300 S 103,300 108,200 S 108,200