The trial balances before and after adjustment for Matthews Company at the end of its fiscal year
Question:
The trial balances before and after adjustment for Matthews Company at the end of its fiscal year are presented on the next page.
InstructionsPrepare the adjusting entries that weremade.
Transcribed Image Text:
MATTHEWS COMPANY Trial Balance August 31, 2012 Before After Adjustment Adjustment Dr. Dr. Cr. Cr. Cash $10,400 $10.400 10,800 Accounts Receivable 8,800 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable 2.300 900 4,000 2.500 14,000 14,000 $ 3,600 $ 4.500 5,800 5.800 -0- 1.100 Unearned Rent Revenue 1.500 600 Owner's Capital 15,600 15,600 Service Revenue 34,000 36.000 Rent Revenue 11.000 11,900 Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense 17,000 18,100 -0- 1.400 15,000 15,000 1,500 900 $71.500 $75.500 $71.500 $75,500
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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