The trial balances before and after adjustment for Garcia Company at the end of its fiscal year
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The trial balances before and after adjustment for Garcia Company at the end of its fiscal year are presented below.
InstructionsPrepare the adjusting entries that weremade.
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GARCIA COMPANY Trial Balance August 31, 2010 Before After Adjustment Adjustment Dr. Dr. Cr. Cr. $10,400 Cash $10,400 Accounts Receivable 8,800 2,300 9,800 Office Supplies 700 Prepaid Insurance Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable Salaries Payable 2,500 4,000 14,000 14.000 $ 4,500 $3.600 5,800 5,800 -0- 1,100 600 Unearned Rent Revenue 1.500 T. Garcia, Capital 15,600 15,600 Service Revenue 34,000 35,000 11,000 Rent Revenue 11,900 Salaries Expense Office Supplies Expense Rent Expense Insurance Expense Depreciation Expense 17.000 18,100 1,600 -0- 15,000 15.000 --0- 1,500 -0- 900 $71.500 $71.500 $74.500 $74,500
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Aug 31 Accounts Receivable 1000 Service Revenue 1000 31 Office Supplies Ex...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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