The trial balances before and after adjustment for Matusiak Company OAO at the end of its fiscal
Question:
Instructions
Prepare the adjusting entries that were made.
Transcribed Image Text:
MATUSIAK COMPANY OAO Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Share Capital-Ordinary Retained Earnings Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation 10,400 8,800 2,300 4,000 14,000 10,400 10,000 700 2,500 14,000 3,600 5,800 1,500 12,000 3,600 34,000 11,000 4,900 5,800 1,100 800 12,000 3,600 35,200 11,700 18,100 1,600 15,000 1,500 1,300 17,000 15,000 Expense 71,500 71,500 75,100 75,100
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
Aug 31 Accounts Receivable 1200 Service Revenue 1200 31 Supplies Expense 16...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Cost Accounting questions
-
The trial balances before and after adjustment for Matusiak Company at the end of its fiscal year are presented below. Instructions Prepare the adjusting entries that weremade. Matusiak Company Trial...
-
The trial balances before and after adjustment for Matusiak OAO at the end of its fiscal year are presented below. Instructions Prepare the adjusting entries that were made. Matusiak OAO Trial...
-
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. MATTHEWS...
-
A rectangular pontoon 10m long 7m broad & 2.5m deep weights 686.7KN. It carries on its upper deck an empty boiler of 5m diameter weighing 588.6 KN. The centre of gravity of the boiler and pontoon are...
-
Responsibility for labor price and usage variances Aman Manufacturing Company incurred a favorable labor price variance and an unfavorable labor usage variance. Required a. Describe a scenario in...
-
In classical plate theory, for a circular plate with radius a and thickness A, the governing equation can be written as d 1 2 - (+) (+)- dra r dr (1) where w is the vertical deflection, P is the...
-
How would a company know that its product or service was preferred in the marketplace? What could a competitor do to erode this favorable position?
-
Goose Corporation has a basis of $2.4 million in the stock of Swift Corporation, a wholly owned subsidiary acquired 30 years ago. Goose liquidates Swift Corporation and receives assets that are worth...
-
Pepi's Pizza Parlour has a cost of debt of 6% and a cost of equity of 10%. The firm has 100,000 shares of common stock outstanding at a book price of $20 a share. Shares are now trading at $22. The...
-
Use the data set GPA1 to answer this question. It was used in Computer Exercise C13 in Chapter 3 to estimate the effect of PC ownership on college GPA. (i) Run the regression colGPA on PC, hsGPA, and...
-
Selected accounts of Al-Kazaz SJSC are shown below. Instructions After analyzing the accounts, journalize (a) the July transactions and (b) the adjusting entries that were made on July 31. Supplies...
-
The following data are taken from the comparative statements of financial position of Newman Billiards Club Ltd., which prepares its financial statements using the accrual basis of accounting....
-
Find f(x) and g(x) so that h(x) = (g f)(x). h(x) = (x - 1)
-
3. You want to buy a car for $50,000. The dealership offers you one of two incentive packages: An interest free loan for 3 years. This involves paying $12,500 immediately as a down payment, followed...
-
In your management role in the treasury of a major financial institution (bank), you are approached by two corporations (Company X and Company Y) seeking your assistance in arranging an interest rate...
-
Explain the concept of leverage in finance, and provide an example of how it affects a companys financial statements. Leverage refers to the use of borrowed funds to increase the potential return on...
-
Suppose a 0 . 3 6 6 kg object is sliding on a frictional surface with k of 0 . 0 9 0 . What is the magnitude of the force of friction in N ?
-
A company deposits $625 every 3 months into an account paying interest at j4 = 3.5%. The first deposit was made on September 1, 2000. How much money will be in the account just after they make a...
-
You are presented with a piece of metal in a jar. It is your job to determine what the metal is. What are some physical properties that you could measure in order to determine the type of metal? You...
-
Q1) What is the a3 Value Q2) What is the a7 Value Q3) What is the a4 Value Q4) What is the b3 Value Q5) What is the b2 Value Q6) What is the sign of 2nd constraint? A pastry chef at a bakery wants to...
-
In its proposed 2010 income statement, Supply Corporation reports income before income taxes $500,000, extraordinary loss due to earthquake $150,000, income taxes $200,000 (not including irregular...
-
Match each of the following terms with the phrase that it best matches. Quality of earnings ... Pro forma income Current ratio .... Discontinued operations Horizontal analysis .. Comprehensive income...
-
Match each of the following terms with the phrase that it best matches. Quality of earnings ... Pro forma income Current ratio .... Discontinued operations Horizontal analysis .. Comprehensive income...
-
Create a class named Account that contains: A private int data field named id for the account (default 0). A private double data field named balance for the account (default 0). A private double data...
-
The next Java code needs to be converted from static to dynamic (just addd changes in same code): import java.util.Scanner; class MyIntStaticCircularQueue { int capacity = 2; int queue[] = new...
-
Hi! Would a tutor be able to assist me on this? In a complete graph with 48 vertices, how many vertices will be in each node's adjacency list? How many entries will be in the adjacency matrix for...
Study smarter with the SolutionInn App