Question: Based on the data in Exercise 4-24, prepare the adjusting entries for Alert Security Services Co. In Exercise 4-24 Alert Security Services Co. offers security
In Exercise 4-24
Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has been prepared on the following end-of-period spreadsheet for the year ended October 31, 2016:
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The data for year-end adjustments are as follows:
a. Fees earned, but not yet billed, $13.
b. Supplies on hand, $4.
c. Insurance premiums expired, $10.
d. Depreciation expense, $3.
e. Wages accrued, but not paid, $1.
Alert Security Services Co. End-of-Perlod Spreadsheet For the Year Ended October 31, 2016 Unadjusted Trial Balance AdJusted Trial Balance Adjustments Dr Account Title Cr. Cr. Accounts Receivable 2 Prepaid Insurance 190 Accum. Depr Equipment Depreciation Expense Miscellaneous Expense 500
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