The unadjusted and adjusted trial balances for McWay Services Co. on August 31, 2012, are shown below.
Question:
The unadjusted and adjusted trial balances for McWay Services Co. on August 31, 2012, are shown below.
Journalize the five entries that adjusted the accounts at August 31, 2012. None of the accounts were affected by more than one adjusting entry.
Transcribed Image Text:
McWay Services Co. Trial Balance August 31, 2012 Unadjusted Adjusted Debit Credit Debit Credit Balances Balances Balances Balances Cash 8 Accounts Receivable. 19 21 Supplies.. Prepaid Insurance 6 5 10 6 Land .... 13 13 Equipment.. Accumulated Depreciation-Equipment Accounts Payable Wages Payable... Capital Stock Retained Earnings. 20 20 4 5 13 13 1 17 17 29 29 Dividends... 4 4 Fees Earned.. Wages Expense Rent Expense Insurance Expense Utilities Expense Depreciation Expense Supplies Expense.. Miscellaneous Expense 37 39 12 13 4 4 1 2 2 100 100 104 104
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
1 Accounts Receivable 2 Fees Earned 2 Accrued fees earne...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
Question Posted:
Related Video
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
Students also viewed these Business questions
-
The unadjusted and adjusted trial balances for Glockenspiel Services Co. on March 31, 2010, are shown below.. Journalize the five entries that adjusted the accounts at March 31, 2010. None of the...
-
The unadjusted and adjusted trial balances for American Leaf Company on October 31, 2019, follow: Journalize the five entries that adjusted the accounts at October 31, 2019. None of the accounts were...
-
The unadjusted and adjusted trial balances for American Leaf Company on October 31, 2018, follow: American Leaf Company Trial Balances October 31, 2018 Journalize the five entries that adjusted the...
-
Suppose that in a particular area the consumption of water varies tremendously throughout the year, with average household summer use exceeding winter use by a great deal. What effect would this have...
-
Repeat the question above using a put with the same strike price, instead of a call. Suppose that the current eur/gbp spot rate is 0.6, the effective risk-free rates of return are r = 6 percent and r...
-
Solve the equations in Problems 2748. 2xx+3 = 0
-
With interest at 9 percent compounded annually, what is the fewest number of years (integer-valued) required for money to double in magnitude?
-
John Doughs bakery in Waxahachie, Texas, specializes in chocolate chip cookies. While Johns business does not yet have a national presence, like Mrs. Fields, he does have a strong statewide...
-
9) Todd has a round above ground pool. It has a diameter of 27'. When the pool is full it the water is 52" deep. Todd just took the cover off and the pool depth is at 3'. How many gallons of water...
-
Cinder Inc. is a Canadian-controlled private corporation based in your province. The company operates a wholesale business. The following information is provided for its year ended May 31, 2020: 1....
-
Pacific Financial Services Co., which specializes in appliance repair services, is owned and operated by Eileen Hastings. Pacific Financial Services Co.??s accounting clerk prepared the unadjusted...
-
The accountant for E-Z Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts of the adjustments are correct....
-
In Exercises find a power series for the function, centered at c and determine the interval of convergence. f(x) 3 3x + 4' c=0
-
Deci Company manufactures a single product. During the month of November, 2,000 units were sold for $210, while 1,600 units were produced. Their November variable costing income statement showed the...
-
Explain Master's theorem and find the order of the following recurrence. T(n) = 37)+
-
B Inc. has agreed to acquire substantially all the assets of T Inc. in exchange for $90 million in B common stock and $10 million in non- voting B preferred stock. B will also assume $20 million in T...
-
Showing you first my outline for my paper with the two questions I'll be discussing and what I would like to talk about and then on the bottom of this you will see I need help writing an appropriate...
-
Albinism, lack of pigmentation in humans, results from an autosomal recessive gene. Two parents with normal pigmentation have an albino child. What is the probability that their next child will be...
-
One variation of the Gabriel synthesis employs hydrazine to free the amine in the final step of the synthesis. Draw the by-product obtained in this process. ? RNH, + N-R H,N-NH2
-
Subprime loans have higher loss rates than many other types of loans. Explain why lenders offer subprime loans. Describe the characteristics of the typical borrower in a subprime consumer loan.
-
Why are the terms product costs and period costs used to describe manufacturing costs and non-manufacturing costs?
-
How does the timing of recording expenses differ between product and period costs?
-
Why are items such as the hull, engine, transmission, carpet, and seats classified as direct materials and items such as glue, paint, and screws classified as indirect materials?
-
What is the purpose of RNA interference in the area of pharmaceuticals?
-
"How does Herzberg's Two-Factor Theory differentiate between hygiene factors and motivators in the workplace? Can you provide examples of each, and explain how understanding this theory can assist...
-
Give an example of a bottleneck within the supply chain of a manufacturing company and how a SCM leader can manage it.
Study smarter with the SolutionInn App