Galant Theater Production Company unadjusted and adjusted trial balances at December 31, 2012, follow.

Requirement
1. Journalize the adjusting entries that account for the differences between the two trialbalances.

Transcribed Image Text:

GALANT THEATER PRODUCTION COMPANY Adjusted Trial Balance December 31, 2012 Trial Balance Adjusted Trial Balance Debit reditebitrei Account $ 3,900 6,100 1,700 2,700 25,000 $ 3,900 6,900 300 2,100 25,000 Cash Accounts receivablo Supplies Prepaid insurance Equipment Accumulated depreciation Accounts payable Salary payable Galant, capital Galant, drawing Service revenue Depreciation expense Supplies expense Utilities expense Salary expense Insurance expense Total $ 8,800 4,000 20,300 71,000 $ 13,200 4,000 300 20,300 30,500 30,500 71,800 4,400 1,400 4,700 29.500 29,800 600 $ 104,100 $ 104,100 $ 109,600 109,600