Wolcott Consulting's unadjusted and adjusted trial balances at December 31, 2014, follow: Required Journalize the adjusting entries
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Journalize the adjusting entries that account for the differences between the two trial balances.
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WOLCOTT CONSULTING Unadjusted and Adjusted Trial Balances December 31, 2014 Unadjusted Trial Balance Adjusted Trial Balance Account Title Debit Credit Debit Credit Cash 11,000 11,000 Accounts receivable 8,500 13,100 Supplies Prepaid insurance 1,100 500 3,600 2,400 Furniture 22,500 22,500 Accumulated amortization- furniture 9,000 13,250 Accounts payable 6,400 6,400 Salaries payable Interest payable 2,600 500 Note payable Unearned consulting revenue 15,000 15,000 1,800 3,600 S. Wolcott, capital S. Wolcott, withdrawals 33,550 33,550 28,000 28,000 Consulting revenue 74,000 80,400 Amortization expense- furniture 4,250 Supplies expense Utilities expense 600 4,600 4,600 Salaries expense 32,000 34,600 Rent expense 30,000 30,000 250 Interest expense 750 Insurance expense 1,200 141,550 141,550 153,500 153,500
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Related Book For
Accounting Volume 1
ISBN: 978-0132690096
9th Canadian edition
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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