Elkton Company specializes in the maintenance and repair of signs, such as billboards. On July 31, 2008,
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Instructions
Journalize the seven entries that adjusted the accounts at July 31. None of the accounts were affected by more than one adjustingentry.
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Elkton Company Trial Balance July 31, 2008 Unadjusted Debit Adjusted Credit Debit Credit Balances Balances Balances Balances 4,750 17,400 975 1,200 50,000 120,000 120,000 49,500 53,100 75,000 Trucks _.. 75,000 Accumulated Depreciation Trucks 13,300 7,520 1,180 5,100 146,700 11,800 6,920 7,400 146,700 Unearned Service Fees . 5,000 5,000 152,680 154,980 Salary Expense73,600 Depreciation Expense-Trucks ··········.. Rent Expense Supplies Expene . . . 74,780 1,500 9,600 2,625 6,800 3,600 1,720 4,450 2,480 381,880 9,600 Depreciation Expense-Buildings Insurance Expensea.. Miscellaneous Expense ..2,480 375,000 375,000 381,880
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2008 July 31 Supplies Expense 2625 Supplies 2625 Supplies used 36...View the full answer
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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