Galant Theater Production Company unadjusted and adjusted trial balances at December 31, 2012, follow. Requirement 1. Journalize
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Requirement
1. Journalize the adjusting entries that account for the differences between the two trialbalances.
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GALANT THEATER PRODUCTION COMPANY Adjusted Trial Balance December 31, 2012 Adjusted Trial Balance Trial Balance Debit Credit Debit Credit Account $ 3,900 Cash 3,900 Accounts receivable 6,100 6,900 Supplies Prepaid insurance Equipment Accumulated depreciation Accounts payable Salary payable Common stock Retained carnings 1,700 300 2,700 2,100 25,000 25,000 %24 13,200 4,000 8,800 4,000 300 16,000 16,000 4,300 4,300 Dividends 30,500 30,500 Service revenue 71,000 71,800 Depreciation expense Supplies expense Utilities expense Salary expense 4,400 1,400 4,700 4,700 29,500 29,800 Insurance expense 600 $ 104,100 S 104,100 $ 109,600 $ 109,600 Total
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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