Question: PR 3-4A Adjusting entries OBJ. 2, 3, 4 Good Note Company specializes in the repair of music equipment and is owned and oper- ated by

 PR 3-4A Adjusting entries OBJ. 2, 3, 4 Good Note Companyspecializes in the repair of music equipment and is owned and oper-

PR 3-4A Adjusting entries OBJ. 2, 3, 4 Good Note Company specializes in the repair of music equipment and is owned and oper- ated by Robin Stahl. On November 30, 2014, the end of the current year, the accountant for Good Note Company prepared the following trial balances: Good Note Company Trial Balances November 30, 2014 Unadjusted Debit Credit Balances Balances Adjusted Debit Credit Balances Balances 38,250 89,500 11,250 14,250 290,450 94,500 129,500 54,750 24,930 Cash Accounts Receivable. Supplies. Prepaid Insurance Equipment. .. Accumulated Depreciation-Equipment Automobiles.. Accumulated Depreciation-Automobiles Accounts Payable Salaries Payable. Unearned Service Fees. Robin Stahl, Capital... Robin Stahl, Drawing Service Fees Earned Salary Expense.. Rent Expense Supplies Expense.. Depreciation Expense-Equipment. Depreciation Expense-Automobiles. Utilities Expense Taxes Expense.. Insurance Expense Miscellaneous Expense 18,000 324,020 38,250 89,500 2,400 3,850 290,450 106,100 129,500 62,050 26,130 8,100 9,000 324,020 75,000 742,800 525,000 54,000 8,850 11,600 7,300 14,100 8,175 10,400 9,825 1,278,200 1,278,200 75,000 733,800 516,900 54,000 12,900 8,175 9,825 1,250,000 1,250,000 Instructions Journalize the seven entries that adjusted the accounts at November 30. None of the ac- counts were affected by more than one adjusting entry

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!