Tamarisk Advertising was founded by Murali Vedula in January 2020. The following are both the adjusted...
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Tamarisk Advertising was founded by Murali Vedula in January 2020. The following are both the adjusted and unadjusted trial balances as of December 31, 2025. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Interest Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Insurance Expense Interest Expense Depreciation Expense Supplies Expense Rent Expense Tamarisk Advertising Trial Balance December 31, 2025 Unadjusted Dr. $14,660 16,270 9,830 3,790 62,600 18,100 9.590 6,280 $141,120 Cr. $27,410 7,300 2.020 0 4,770 0 19,940 23,620 56,060 $141.120 Dr. $14,660 20,165 7,208 2,185 62,600 18,100 10,396 1,605 Adjusted 511 4,880 2.622 6,280 $151,212 Cr. $32,290 7,300 2,020 511 2,888 806 19,940 23,620 61,837 $151,212 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 O for the amounts. List all debit entries before credit entries.) No. Date Account Titles and Explanation 1. 2 3. 4. 5. 6. Dec. 31 7. Dec. 31 Dec 31 Dec 31 Dec 31 Dec. 31 Accounts Receivable (To record accrued service revenue) Dec. 31 art 100 (To record supplies used) Insurance Expense Prepaid Insurance (To expired insurance) (To record depreciation on equiment) (To record Interest accrued on the note) (To record service revenue earned) (To record accrued wages) Debit Credit 11 Tamarisk Advertising was founded by Murali Vedula in January 2020. The following are both the adjusted and unadjusted trial balances as of December 31, 2025. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Interest Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Insurance Expense Interest Expense Depreciation Expense Supplies Expense Rent Expense Tamarisk Advertising Trial Balance December 31, 2025 Unadjusted Dr. $14,660 16,270 9,830 3,790 62,600 18,100 9.590 6,280 $141,120 Cr. $27,410 7,300 2.020 0 4,770 0 19,940 23,620 56,060 $141.120 Dr. $14,660 20,165 7,208 2,185 62,600 18,100 10,396 1,605 Adjusted 511 4,880 2.622 6,280 $151,212 Cr. $32,290 7,300 2,020 511 2,888 806 19,940 23,620 61,837 $151,212 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 O for the amounts. List all debit entries before credit entries.) No. Date Account Titles and Explanation 1. 2 3. 4. 5. 6. Dec. 31 7. Dec. 31 Dec 31 Dec 31 Dec 31 Dec. 31 Accounts Receivable (To record accrued service revenue) Dec. 31 art 100 (To record supplies used) Insurance Expense Prepaid Insurance (To expired insurance) (To record depreciation on equiment) (To record Interest accrued on the note) (To record service revenue earned) (To record accrued wages) Debit Credit 11
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Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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