Question: Tableau DA 3-3: Mini-Case, Analyzing adjusting entries and preparing an adjusted trial balance LO P5 [The following information applies to the questions displayed below.] Roland
Tableau DA 3-3: Mini-Case, Analyzing adjusting entries and preparing an adjusted trial balance LO P5 [The following information applies to the questions displayed below.] Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Purchased Insurance Started Work for Telo Dec. 31 Year-End Finished Work for Telo Dec 1 Dec 7 Dec 13 Dec 24 Jan 5 Jan 12 Purchased Supplies Received Cash in Advance Wages Paid Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End Telo ABX 60% Complete 25% Complete Supplies Remaining at Year-End +ableau Wages Earned By Workers but not yet Paid at Year-End Tableau DA 3-3: Mini-Case, Preparing an adjusted trial balance 2. Enter the December 31 adjustments in the following table for prepaid insurance, supplies, accrued wages, accrued revenue, and unearned revenue. Then, complete the adjusted trial balance by entering the adjusted balance for each of the accounts. Unadjusted Trial Balance Adjustments Adjusted Trial Balance Cr. Dr. Cr. Dr. Cr. No. Account Title Dr. 101 Cash $ 9,600 Accounts 106 0 receivable 126 Supplies 2,000 128 Prepaid 2,400 insurance 210 Wages payable $ 0 Unearned 236 4,000 revenue 301 Common stock 404 Revenue 10,000 0 623 Wages expense 0 Insurance 637 0 expense Supplies 652 0 expense Total $ 14.000 $ 14.000 $ 0 $ 0 $ 0 $ 0
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