Metlock Advertising was founded in January 2 0 1 8 . Presented below are adjusted and unadjusted
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Question:
Metlock Advertising was founded in January Presented below are adjusted and unadjusted trial balances as of December
Metlock Advertising
Trial Balance
December
Unadjusted
Adjusted
Dr
Cr
Dr
Cr
Cash
$
$
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Accumulated DepreciationEquipment
$
$
Accounts Payable
Interest Payable
Notes Payable
Unearned Service Revenue
Salaries and Wages Payable
Common Stock
Retained Earnings
Service Revenue
Salaries and Wages Expense
Insurance Expense
Interest Expense
Depreciation Expense
Supplies Expense
Rent Expense
$
$
$
$
a
Journalize the annual adjusting entries that were made. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No entry" for the account titles and enter for the amounts. List all debit entries before credit entries.
Date
Account Titles and Explanation
Debit
Credit
Dec.
enter an account title to record accrued service revenue on December
enter a debit amount
enter a credit amount
enter an account title to record accrued service revenue
enter a debit amount
enter a credit amount
To record accrued service revenue
Dec.
enter an account title to record earned service revenue on December
enter a debit amount
enter a credit amount
enter an account title to record earned service revenue on December
enter a debit amount
enter a credit amount
To record earned service revenue
Dec.
enter an account title to record supplies used on December
enter a debit amount
enter a credit amount
enter an account title to record supplies used on December
enter a debit amount
enter a credit amount
To record supplies used
Dec.
enter an account title to record depreciation on equiment on December
enter a debit amount
enter a credit amount
enter an account title to record depreciation on equiment on December
enter a debit amount
enter a credit amount
To record depreciation on equiment
Dec.
enter an account title to record interest accrued on the note on December
enter a debit amount
enter a credit amount
enter an account title to record interest accrued on the note on December
enter a debit amount
enter a credit amount
To record interest accrued on the note
Dec.
enter an account title to record expired insurance on December
enter a debit amount
enter a credit amount
enter an account title to record expired insurance on December
enter a debit amount
enter a credit amount
To record expired insurance
Dec.
enter an account title to record accrued wages on December
enter a debit amount
enter a credit amount
enter an account title to record accrued wages on December
enter a debit amount
enter a credit amount
To record accrued wages
Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
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