2. For Roland Company in Industry J, enter the December 31 adjustments in the following table...
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2. For Roland Company in Industry J, enter the December 31 adjustments in the following table for prepaid insurance, supplies, accrued wages, accrued revenue, and unearned revenue. Then, complete the adjusted trial balance by entering the adjusted balance for each of the accounts. Important! Be sure to click the correct Industry at the top of the dashboard. Industry J Account Title No. 101 Cash 106 Accounts receivable 126 Supplies 128 Prepaid insurance 210 Wages payable 236 Unearned revenue 301 A. Ronald, Capital 404 Revenue 623 Wages expense Insurance expense 637 652 Supplies expense Total $ Dr. Unadjusted Trial Balance 27,840 0 5,800 6,960 0 0 0 40,600 $ $ Cr. 0 11,600 29,000 0 40,600 $ Dr. Adjustments 232 232 $ Cr. 0 $ Dr. Adjusted Trial Balance 0 $ Cr. 0 ! Required information [The following information applies to the questions displayed below.] Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Select Industry - Purchased Insurance Dec 1 Dec 7 B _C__ __D_ Selected December-January Transactions Dec. 31 Year-End Started Work for Telo (Dec 13 Dec 24 Jan 5 Finished Work for Telo Dec 1 Prepaid a 24 month insurance policy (coverage starting immediately) for $6,960 cash. Jan 12 ! Required information [The following information applies to the questions displayed below.] Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Select Industry __A__ Purchased Insurance Dec 1 Dec 7 Purchased Sup _E_ _H_ Selected December-January Transactions Dec. 31 Year-End B Started Work for Telo Dec 13 Dec 24 Dec 7 Purchased supplies for $5,800 cash. Telo 60% Complete dvance Jan 5 Wages Paid Additional Information as of December 31 Finished Work for Telo Jan 12 ABX 25% Complete Required information [The following information applies to the questions displayed below.] Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Select Industry __A_ B Purchased Insurance Dec 1 Dec 7 _E_ _H_ Selected December-January Transactions Dec. 31 Year-End Started Work for Telo Dec 13 Dec 24 Telo 60% Complete Jan 5 Additional Information as of December 31 Dec 13 Agreed to do $29,000 worth of work for Telo over the next 30 days. Payment is to be received when the work is completed on Jan. 12. 5 Finished Work for Telo Jan 12 ABX 25% Complete ! Required information [The following information applies to the questions displayed below.] Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Select Industry- Purchased Insurance Dec 1 __A____ Dec 7 _E_ __H_ Selected December-January Transactions Dec. 31 Year-End B Started Work for Telo Purchased Supplies Dec 13 Dec 24 Jan 5 Telo 60% Complete Additional Information as of December 31 Finished Work for Telo Dec 24 Received $11,600 cash in advance to perform work for ABX over the next four weeks. Jan 12 ABX 25% Complete ! Required information [The following information applies to the questions displayed below.] Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Select Industry Purchased Insurance Dec 1 Dec 7 B Started Work for Telo Purchased Supplies Selected December-January Transactions Dec. 31 Year-End Dec 13 _D_ Telo 60% Complete Dec 24 G Received Cash in Advance | I Jan 5 Additional Information as of December 31 Finished Work for Telo Jan 12 Jan 5 Paid wages of $2,320 cash to workers. ABX 25% Complete ! Required information [The following information applies to the questions displayed below.] Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Select Industry __A____ Purchased Insurance Dec 1 Dec 7 _E_ _H_ Selected December-January Transactions Dec. 31 Year-End Started Work for Telo Purchased Supplies Dec 13 Dec 24 Telo 60% Complete Jan 5 Additional Information as of December 31 Finished Work for Telo Jan 12 Jan 12 Received $29,000 cash from Telo for work performed over the last 30 days. ABX 25% Complete Additional Information as of December 31 tableau Telo 60% Complete Supplies Remaining at Year-End ABX 25% Complete Wages Earned By Workers but not yet Paid at Year-End i Supplies Remaining at Year-End: $2,030 K + O Additional Information as of December 31 ++ ableau Telo 60% Complete Supplies Remaining at Year-End ABX 25% Complete Wages Earned By Workers but not yet Paid at Year-End Wages Earned By Workers but not yet Paid at Year-End: $1,450 K + 0 2. For Roland Company in Industry J, enter the December 31 adjustments in the following table for prepaid insurance, supplies, accrued wages, accrued revenue, and unearned revenue. Then, complete the adjusted trial balance by entering the adjusted balance for each of the accounts. Important! Be sure to click the correct Industry at the top of the dashboard. Industry J Account Title No. 101 Cash 106 Accounts receivable 126 Supplies 128 Prepaid insurance 210 Wages payable 236 Unearned revenue 301 A. Ronald, Capital 404 Revenue 623 Wages expense Insurance expense 637 652 Supplies expense Total $ Dr. Unadjusted Trial Balance 27,840 0 5,800 6,960 0 0 0 40,600 $ $ Cr. 0 11,600 29,000 0 40,600 $ Dr. Adjustments 232 232 $ Cr. 0 $ Dr. Adjusted Trial Balance 0 $ Cr. 0 ! Required information [The following information applies to the questions displayed below.] Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Select Industry - Purchased Insurance Dec 1 Dec 7 B _C__ __D_ Selected December-January Transactions Dec. 31 Year-End Started Work for Telo (Dec 13 Dec 24 Jan 5 Finished Work for Telo Dec 1 Prepaid a 24 month insurance policy (coverage starting immediately) for $6,960 cash. Jan 12 ! Required information [The following information applies to the questions displayed below.] Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Select Industry __A__ Purchased Insurance Dec 1 Dec 7 Purchased Sup _E_ _H_ Selected December-January Transactions Dec. 31 Year-End B Started Work for Telo Dec 13 Dec 24 Dec 7 Purchased supplies for $5,800 cash. Telo 60% Complete dvance Jan 5 Wages Paid Additional Information as of December 31 Finished Work for Telo Jan 12 ABX 25% Complete Required information [The following information applies to the questions displayed below.] Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Select Industry __A_ B Purchased Insurance Dec 1 Dec 7 _E_ _H_ Selected December-January Transactions Dec. 31 Year-End Started Work for Telo Dec 13 Dec 24 Telo 60% Complete Jan 5 Additional Information as of December 31 Dec 13 Agreed to do $29,000 worth of work for Telo over the next 30 days. Payment is to be received when the work is completed on Jan. 12. 5 Finished Work for Telo Jan 12 ABX 25% Complete ! Required information [The following information applies to the questions displayed below.] Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Select Industry- Purchased Insurance Dec 1 __A____ Dec 7 _E_ __H_ Selected December-January Transactions Dec. 31 Year-End B Started Work for Telo Purchased Supplies Dec 13 Dec 24 Jan 5 Telo 60% Complete Additional Information as of December 31 Finished Work for Telo Dec 24 Received $11,600 cash in advance to perform work for ABX over the next four weeks. Jan 12 ABX 25% Complete ! Required information [The following information applies to the questions displayed below.] Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Select Industry Purchased Insurance Dec 1 Dec 7 B Started Work for Telo Purchased Supplies Selected December-January Transactions Dec. 31 Year-End Dec 13 _D_ Telo 60% Complete Dec 24 G Received Cash in Advance | I Jan 5 Additional Information as of December 31 Finished Work for Telo Jan 12 Jan 5 Paid wages of $2,320 cash to workers. ABX 25% Complete ! Required information [The following information applies to the questions displayed below.] Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Select Industry __A____ Purchased Insurance Dec 1 Dec 7 _E_ _H_ Selected December-January Transactions Dec. 31 Year-End Started Work for Telo Purchased Supplies Dec 13 Dec 24 Telo 60% Complete Jan 5 Additional Information as of December 31 Finished Work for Telo Jan 12 Jan 12 Received $29,000 cash from Telo for work performed over the last 30 days. ABX 25% Complete Additional Information as of December 31 tableau Telo 60% Complete Supplies Remaining at Year-End ABX 25% Complete Wages Earned By Workers but not yet Paid at Year-End i Supplies Remaining at Year-End: $2,030 K + O Additional Information as of December 31 ++ ableau Telo 60% Complete Supplies Remaining at Year-End ABX 25% Complete Wages Earned By Workers but not yet Paid at Year-End Wages Earned By Workers but not yet Paid at Year-End: $1,450 K + 0
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Based on the information provided in the images we need to enter the December 31 adjustments for the prepaid insurance supplies accrued wages accrued ... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
Posted Date:
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