Galant Theater Production Companys partially completed worksheet as of December 31, 2014, follows. Requirements 1. Analyze the
Question:
Galant Theater Production Company’s partially completed worksheet as of December 31, 2014, follows.
Requirements
1. Analyze the worksheet to determine the adjusting entries that account for the differences between the unadjusted trial balance and the adjusted trial balance. Complete the worksheet. Use letters a through e to label the five adjustments.
2. Journalize the adjustingentries.
Transcribed Image Text:
GALANT THEATER PRODUCTION COMPANY Worksheet December 31, 2014 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Credit Debit Credit Account Names 6 Debit CreditDebit 3,900 6,100 1.700 2,700 25,000 3,900 6,9c0 200 2, 100 25,000 Accounts Receivable Office Supplie 0 Prepaid Insurance 11 Equipment 12 Accumulsted Depreoation Equiprnent 13 Accounts Paysble 14 Salanes Paysbile 15 Common Stock 16 Dvidends 1 Service Revenur 5 &800 4,000 20,300 71.000 S 12,200 4,000 300 20,300 30,500 0,500 71,800 Deprecistion Expense Equipment 19 Supplies Expense 20 Ubilities Expense 1Salanes Expense 22 Inourance Expense 23 Total 4,400 ,400 4,700 29,800 600 4,700 29,500 104, 100 104,100 S 109,600 109,600
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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