Problem 5-16A Journalize and Post Adjusting Entries from the Work Sheet

Jason Armstrong started a business called Campus Delivery Service. After the first month of operations, the trial balance as of November 30, 20--, is as shown:

Additional information:

The following adjustments were made for the month of November.

1. Ending inventory of supplies on November 30, $185.
2. Unexpired (remaining) insurance as of November 30, $800.
3. Depreciation expense on van, $300.
4. Wages earned but not paid as of November 30, $190.

Required:

1. Journalize the adjusting entries on page 5 of the general journal. If an amount box does not require an entry, leave it blank. Do not enter in the posting references until you complete part 2.

GENERAL JOURNAL PAGE 5 DATE DESCRIPTION POST. REF. DEBIT CREDIT Adjusting Entries a.

b.

c.

d.

2. Post the adjusting entries to the general ledger. If an amount box does not require an entry, leave it blank. After posting to the general ledger, complete the posting in part 1.

GENERAL LEDGER ACCOUNT Supplies ACCOUNT NO. 141 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Nov. 1 J1 475.00 475.00 Nov. 15 J4 100.00 575.00

Adjusting

J5

ACCOUNT Prepaid Insurance ACCOUNT NO. 145 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Nov. 1 J1 1,300.00 1,300.00

Adjusting

J5

ACCOUNT Accumulated DepreciationVan ACCOUNT NO. 185.1 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20--

Adjusting

J5

ACCOUNT Wages Payable ACCOUNT NO. 219 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20--

Adjusting

J5

ACCOUNT Wages Expense ACCOUNT NO. 511 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Nov. 15 J3 900.00 900.00 Nov. 26 J4 900.00 1,800.00

Adjusting

J5

ACCOUNT Supplies Expense ACCOUNT NO. 523 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20--

Adjusting

J5

ACCOUNT Insurance Expense ACCOUNT NO. 535 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20--

Adjusting

J5

ACCOUNT Depreciation ExpenseVan ACCOUNT NO. 541 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20--

Adjusting

J5