I only need E4-17 answered, E4-16 is here for reference.

E4-16

The trial balances shown below are before and after adjustment for Bere Company at the end of its fiscal year.

Prepare adjusting entries from analysis of trial balance.

(LO 4, 5, 6),AP

BERE COMPANY

Trial Balance

August 31, 2014

Before Adjustment

After Adjustment

Dr.

Cr.

Dr.

Cr.

Cash

$10,900

$10,900

Accounts Receivable

8,800

9,400

Supplies

2,500

500

Prepaid Insurance

4,000

2,500

Equipment

16,000

16,000

Accumulated Depreciation?Equipment

$ 3,600

$ 4,800

Accounts Payable

5,800

5,800

Salaries and Wages Payable

0

1,100

Unearned Rent Revenue

1,800

800

Common Stock

10,000

10,000

Retained Earnings

5,500

5,500

Dividends

2,800

2,800

Service Revenue

34,000

34,600

Rent Revenue

12,100

13,100

Salaries and Wages Expense

17,000

18,100

Supplies Expense

0

2,000

Rent Expense

10,800

10,800

Insurance Expense

0

1,500

Depreciation Expense

0

1,200

$72,800

$72,800

$75,700

$75,700

Instructions

Prepare the adjusting entries that were made.

E4-17

The adjusted trial balance for Bere Company is given in E4-16.

Prepare financial statements from adjusted trial balance.

(LO 6),AP

Instructions

Prepare the income and retained earnings statements for the year and the classified balance sheet at August 31.

Illustrations 4-27 and 4-28 on pages 184 through 185 of our textbook are very good examples to use to help you with E4-17.

I have added theillustrationsfor reference.

BERE COMPANY Trial Balance August 31, 2014 Before Adjustment Dr. After Adjustment Cr. Dr. Cash $10,900 $10,900 Accounts Receivable 8,800 9,400 Supplies 2,500 500 Prepaid Insurance 4,000 2,500 Equipment 16,000 Cr. 16,000 Accumulated Depreciation Equipment $ 3,600 $ 4,800 Accounts Payable 5,800 5,800 Salaries and Wages Payable 0 1,100 Unearned Rent Revenue 1,800 800 Common Stock 10,000 10,000 Retained Earnings 5,500 5,500 Instructions Prepare the adjusting entries that were made