Goldfinch Company specializes in the maintenance and repair of signs, such as billboards. On January 31, 2012, the accountant for Goldfinch Company prepared the following trial balances:

Instructions
Journalize the seven entries that adjusted the accounts at January 31. None of the accounts were affected by more than one adjustingentry.

Transcribed Image Text:

Goldfinch Company Trlal Balance January 31, 2012 Unadjusted Adjusted Debit Credit Balances Balances Debit Credit Balances Balances Cash 4,750 17,400 1,475 2,700 50,000 120,000 . 4,750 6,200 9,000 . .50,000 Supplies Land Buildings Accumulated Depreciation-Buildings.... Trucks 120,000 51,500 60,000 ....A.**5.000 75,000 12,000 6,920 13,550 8,000 750 6,000 156,400 Accounts Payable 10,500 156,400 7,500 7,500 Service Fees Earned 162,680 167,180 80,750 1,550 11,900 4,725 7,280 8,500 2,900 6,300 Depreciation Expense-Trucks Rent Expense Supplies Expense. . 11,900 . 6,200 Depreciation Expense-Buildings Insurance Expense Miscellaneous Expense 9.150 400,000 400,000 411,880 411,880