Expose Company specializes in the repair of music equipment and is owned and operated by Gavin Staub.
Question:
Expose Company specializes in the repair of music equipment and is owned and operated by Gavin Staub. On June 30, 2006, the end of the current year, the accountant for Expose Company prepared the following trial balances:
Instructions
Journalize the seven entries that adjusted the accounts at June 30. None of the accounts were affected by more than one adjustingentry.
Transcribed Image Text:
Expose Company Trial Balance June 30, 2006 Unadjusted Adjusted Cash Accounts Receivable Supp. . .8,315 30,500 3,750 8,315 30,500 1,080 2,200 92,150 les ...-.--...-..---. Accumulated Depreciation-Equipment .. 33,480 40,500 36,500 36,500 Accumulated Depreciation-Automobiles. Accounts Payable Salaries Payable. Unearned Service Fees ..._ . .. Gavin Staub, Capital . .. 21,900 8,730 1,560 4,000 69,360 18,250 8,310 6,000 69,360 5,000 Service Fees Earned .-.. --. 244,600 246,600 173,860 18,000 2,670 7,020 3,650 4,720 2,725 2,550 1,710 Depreciation Expense-Equipment······.. Depreciation Expense-Automobiles . 2,725 Taxes Expense«-- ..- - Insurance Expense... 1,710 380,000 380,000 392,6 50 392,650
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2006 June 30 Supplies Expense 2670 Supplies 2670 30 Insurance Expe...View the full answer
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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