chapter 4 hw

The data needed to determine year-end adustenents are as follows: - Laundry supplies on hand at June 30 are $2.000. - Insurance premisms expired during the year are $6,700. - Depreciasion of laundry equipment during the year is \$5,500 - Wages aocrued but not pald at June 30 are $1,100 Required: 3. A. Journalize the adusting entries on page 10 of the joumal. Adusting entries are reconded on dume 30. reference to the joumaly The data needed to determine year-end adjustments are as follows: - Laundry supplies on hand at June 30 are $3,600. - Insurance premiums expired during the year are $5,700. - Depreciation of laundry equipment during the year is $6,500. - Wages accrued but not paid at June 30 are $1,100. Required: 1. For each account listed in the unadjusted trial balance, enter the balance in a Taccount. Identify the balanco as "Bal." 2. (Optional) On your own paper or spreadsheet, enter the unactiusted trial balance on an end-of-period work sheet and complete the work sheet. 3. a. Joumalize the adjusting entries on page 10 of the journal. Adjusting entries are recorded on June 30. b. Post the adfiusting entries. In the T accounts, identify the adjustments by "Adf." and the new balances as "Ad). Bal, "(Bo sure fo add a pasting reference to the joumal.) 4. Prepare an adjusted trial balance. 5. Prepare an income statement, a statement of owner's equity, and a balance sheet." 6. a. Journalize the closing entries on page 11 of the joumal. b. Post the closing entries, In the T accounts, identily the closing entries by "Clos." (Be sure to add a posting relerence to the journat) 7. Prepare a post-closing trial balance. "Be sure to read the instructions for each financial statement carefully. The unadjusted trial balance of Epicenter Laundry at June 30, 2019, the end of the fiscal year, follows