Based on the data in Exercise 4-21, prepare the adjusting entries for Alert Security Services Co. Data
Question:
Based on the data in Exercise 4-21, prepare the adjusting entries for Alert Security Services Co.
Data from 4-21:
Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services has been prepared on the following end-of-period spreadsheet for the year ended October 31, 20Y3:
A Alert Security Services Co. End-of-Period Spreads heet For the Year Ended October 31, 20Y3 Unadjus ted Adjusted 5 Trial Balance Adjustments Trial Balance 6 Account Title Cr. Dr. Cr. Dr. Cr. Dr. 8 Cash 12 9 Accounts Receivable 90 10 Supplies 11 Prepaid Insurance 12 Land 13 Equipment 14 Accum. Depr.–Equipment 15 Accounts Payable 16 Wages Payable 17 Common Stock 18 Retained Earnings 19 Dividends 20 Fees Earned 21 Wages Expense 22 Rent Expense 23 Insurance Expense 24 Utilities Expense 25 Supplies Expense 26 Depreciation Expense–Equip. 27 Miscellaneous Expense 28 8 12 190 50 4 36 50 210 8 200 110 12 6 500 500 29 2. 3. 4-
Step by Step Answer:
20Y3 Adjusting Entries Oct 31 Accounts Receivable 13 Fees Earned 13 A...View the full answer
Forensic And Investigative Accounting
ISBN: 9780808056300
10th Edition
Authors: G. Stevenson Smith D. Larry Crumbley, Edmund D. Fenton
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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