Question: 5 Exercise 4-3 Preparing adjusting entries from a work sheet LO P1 Use the following information from the Adjustments columns of a 10-column work sheet.

 5 Exercise 4-3 Preparing adjusting entries from a work sheet LO

5 Exercise 4-3 Preparing adjusting entries from a work sheet LO P1 Use the following information from the Adjustments columns of a 10-column work sheet. 6 ts Balance Sheet and elloox Statement of Owner's Equity Adjusted Trial Balance Unadjusted Trial Hint Income Adjustments Dr. (d) $ 668 Statement Balance Dr. Cr. Punt Dr. Cr. Account Title Dr. Cr. Cr. Dr. Cr. No. elerences 109 Interest receivable 124 Office supplies 128 Prepaid insurance Accumulated (b)$1,777 (a) 1,027 164 depreciation-office equipment 209 Salaries payable 409 Interest revenue Depreciation expense-Office (c) 3,300 (e) (d) 748 668 612 equipment 620 Office salaries expense 637 Insurance expense 650 office supplies expense (c) 3,300 (e) (a) 1,027 (b) 748 1,777 Totals $7,520 $7,520 Prepare the necessary adjusting journal entries ( through (e

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!