At the end of December, the following information was assembled for adjustments. a. $300 of the...

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At the end of December, the following information was assembled for adjustments. a. $300 of the insurance paid on December 2nd has expired. b. Depreciation of office equipment for December is $70. c. Supplies on hand on December 31 are $450. d. Unearned fees on December 31 are $4,600. e. Accrued salary for the receptionist is $110. f. Rent expired during December is $1,500 trial balance. Journalize adjustments; post adjusting entries to ledger; prepare adjusted 1. Journalize the necessary adjustments using the adjustment data provided. 2. Post the adjusting journal entries in the ledger. 3. Prepare the adjusted trial balance report using the adjusted balances in the ledger. Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accounts Payable Unearned Fees ACCOUNT NAME Kari Davis, Capital Kari Davis, Drawing Fees Earned Salary Expense Utilities Expense Miscellaneous Expense Totals On Point Accounting Services UNADJUSTED TRIAL BALANCE As of December 31, 2021 DEBIT BALANCES 40475 14350 3510 3000 1820 5860 6000 2400 715 650 78780 CREDIT BALANCES 1460 8000 21300 48020 78780 At the end of December, the following information was assembled for adjustments. a. $300 of the insurance paid on December 2nd has expired. b. Depreciation of office equipment for December is $70. c. Supplies on hand on December 31 are $450. d. Unearned fees on December 31 are $4,600. e. Accrued salary for the receptionist is $110. f. Rent expired during December is $1,500 trial balance. Journalize adjustments; post adjusting entries to ledger; prepare adjusted 1. Journalize the necessary adjustments using the adjustment data provided. 2. Post the adjusting journal entries in the ledger. 3. Prepare the adjusted trial balance report using the adjusted balances in the ledger. Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accounts Payable Unearned Fees ACCOUNT NAME Kari Davis, Capital Kari Davis, Drawing Fees Earned Salary Expense Utilities Expense Miscellaneous Expense Totals On Point Accounting Services UNADJUSTED TRIAL BALANCE As of December 31, 2021 DEBIT BALANCES 40475 14350 3510 3000 1820 5860 6000 2400 715 650 78780 CREDIT BALANCES 1460 8000 21300 48020 78780

Answer rating: 100% (QA)

a Adjusting Entries JOURNAL Date Description PR Dr Cr a 31Dec21 Insurance Exp 30000 To Prepaid Insur... View the full answer