E3-25 Journalizing adjusting entries and posting to T-accounts The unadjusted trial balance for All Mopped Up...

 

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E3-25 Journalizing adjusting entries and posting to T-accounts The unadjusted trial balance for All Mopped Up Company, a cleaning service, is as follows: ALL MOPPED UP COMPANY Unadjusted Trial Balance December 31, 2018 Balance Debit $ 800 2,000 600 30,000 Account Title Cash Office Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable 0 Uneamed Revenue 700 Jane, Capital 15,300 Jane, Withdrawals Service Revenue 25,000 Salaries Expense Supplies Expense Depreciation Expense-Equipment 0 0 Insurance Expense Total $45,400 545,400 During the 12 months ended December 31, 2018, All Mopped Up: a. used office supplies of $1,700. b. used prepaid insurance of $580). c. depreciated equipment, $500. d. accrued salaries expense of $310 that hasn't been paid yet. c. earned $400 of unearned revenue. Requirements 1. Open a T-account for each account using the unadjusted balances 2. Journalize the adjusting entries using the letter and December 31 date in the date column. 3. Post the adjustments to the T-accounts, entering each adjustment by letter. Show each account's adjusted balance. Credit $ 2,000 2,400 5,000 7,000 0 E3-25 Journalizing adjusting entries and posting to T-accounts The unadjusted trial balance for All Mopped Up Company, a cleaning service, is as follows: ALL MOPPED UP COMPANY Unadjusted Trial Balance December 31, 2018 Balance Debit $ 800 2,000 600 30,000 Account Title Cash Office Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable 0 Uneamed Revenue 700 Jane, Capital 15,300 Jane, Withdrawals Service Revenue 25,000 Salaries Expense Supplies Expense Depreciation Expense-Equipment 0 0 Insurance Expense Total $45,400 545,400 During the 12 months ended December 31, 2018, All Mopped Up: a. used office supplies of $1,700. b. used prepaid insurance of $580). c. depreciated equipment, $500. d. accrued salaries expense of $310 that hasn't been paid yet. c. earned $400 of unearned revenue. Requirements 1. Open a T-account for each account using the unadjusted balances 2. Journalize the adjusting entries using the letter and December 31 date in the date column. 3. Post the adjustments to the T-accounts, entering each adjustment by letter. Show each account's adjusted balance. Credit $ 2,000 2,400 5,000 7,000 0

Answer rating: 100% (QA)

Unadj Bal Unadj Bal Unadj Bal Unadj Bal 1 T accounts Cash 800 Office supplies 2000 Prepaid ... View the full answer