Required: Confused on how to fix this table, such as the adjusting entries? Whats the best way to go about this?

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Account Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Leasehold Improvements Accumulated Amortization Trademark Office Supplies Accounts Receivable Notes Payable Interest Payable Accounts Payable Wages Payable Loans Payable Common Stock Dividends Bakery Sales Merchandise Sales. Baking Cost of Goods Sold Rent Expense Interest Expense Insurance Expense Depreciation Expense Amortization Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expense Merchandise COGS (FIFO) Total Peyton Approved Trial Balance 2017 Unadjusted trial balance Debit Credit 64,713.72 165,250.00 25,750.00 7,500.00 2,400.00 17,000.00 10,000.00 2,300.00 1,600.00 30,401.00 20,000.00 90,000.00 2,780.00 375.00 5,200.00 3,456.00 15,760.00 464,485.72 3,285.72 2,000.00 10,000.00 27,325.00 21,000.00 30,000.00 335,675.00 35,200.00 464,485.72 Adjusting entries Debit Credit Adjusted trial balance Debit Credit 64,713.72 165,250.00 25,750.00 7,500.00 2,400.00 17,000.00 10,000.00 2,300.00 1,600.00 30,401.00 20,000.00 90,000.00 2,780.00 375.00 5,200.00 3,456.00 15,760.00 3,285.72 2,000.00 10,000.00 27,325.00 21,000.00 30,000.00 335,675.00 35,200.00 464,485.72 464,485.72 Account Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Leasehold Improvements Accumulated Amortization Trademark Office Supplies Accounts Receivable Notes Payable Interest Payable Accounts Payable Wages Payable Loans Payable Common Stock Dividends Bakery Sales Merchandise Sales. Baking Cost of Goods Sold Rent Expense Interest Expense Insurance Expense Depreciation Expense Amortization Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expense Merchandise COGS (FIFO) Total Peyton Approved Trial Balance 2017 Unadjusted trial balance Debit Credit 64,713.72 165,250.00 25,750.00 7,500.00 2,400.00 17,000.00 10,000.00 2,300.00 1,600.00 30,401.00 20,000.00 90,000.00 2,780.00 375.00 5,200.00 3,456.00 15,760.00 464,485.72 3,285.72 2,000.00 10,000.00 27,325.00 21,000.00 30,000.00 335,675.00 35,200.00 464,485.72 Adjusting entries Debit Credit Adjusted trial balance Debit Credit 64,713.72 165,250.00 25,750.00 7,500.00 2,400.00 17,000.00 10,000.00 2,300.00 1,600.00 30,401.00 20,000.00 90,000.00 2,780.00 375.00 5,200.00 3,456.00 15,760.00 3,285.72 2,000.00 10,000.00 27,325.00 21,000.00 30,000.00 335,675.00 35,200.00 464,485.72 464,485.72

Answer rating: 100% (QA)

To fix the table or the adjusting entries youll have to go through each item listed under the Scenario for adjusting entries and prepare the adjusting journal entries according to the accounting princ... View the full answer