The adjusting entries for March 31^st are:

Record $550 of expired prepaid rent

Record depreciation of the truck for $300

Record $250 of rental income earned from subletting extra warehouse space 

Transcribed Image Text:

Home Insert Draw Page Layout - AutoSave OFF A B * LO CA Paste 5p G13 7 Cash 33 34 35 36 37 38 39 40 41 42 43 44 v 4) A اشر Ready Arial Accounts Receivable 9 Merchandise Inventory 10 Prepaid Rent 11 Delivery Truck 12 Acc. Depreciation 13 Accounts Payable 14 Uneamed Rent 15 B. Duval, Capital 16 B. Duval, Withdrawals 17 Income Summary 18 Sales 15. Sales Rins. & Allow 20 Sales Discounts 21 Rental Income 22 Cost of Goods Sold 23 Advertising Expense 24 Dep. Expense, Truck 25 Rent Expense 26 Cleaning Expense 27 Subtotale 28 Net Income 29 Totals 30 31 32 B +x✓ fx Account Tilles I U Sales Journal ✓ B # 33,441 16,500 16,380 1,650 32,000 Trial Balance 250 3,200 294 58,850 200 C ... 0 0 50 160,815 ✓12 Accessibility: Investigate C CP. Formulas Data A A 3,000 44,000 1,000 40,715 0 72,100 0 160,815 These two columns should balance at $160,815. if you aren't getting to this number, stop and get help from your instructor. Purchases Journal Y D F E Dr. 250 F 0 H THE ELEMANT DRESS SHOP WORKSHEET FOR THE MONTH ENDING MARCH 31, 2018 Adjustments 300 550 1,100 Review View Automate ab. 海三國、 v EE CR Journal Cr. 300 250 250 800 These two columns shoul balance at $1,100. If you arent getting to this number, stop and get help from your instructor. Custom Adjusted Trial Balance Dr. Cr. 33,441 16,500 16,380 1,400 32,300 250 CP Journal 3,200 294 58,850 200 300 550 50 161,715 1 9 3,300 44,000 750 40,715 72,100 GJ 1 250 161,115 J Accoutning Project Part 1 500 Tell me If These two columns should Net Income balance at $161,115. It should be you arent getting to this $10.906 number stop and get help. from your instructor. GL 1 Income Statement Cr. K Conditional Formatting Format as Table Cell Styles v . GL 2 L M Balance Sheet Dr. GL 3 GL4 Insert v Delete Format v N D GL 5 Σ - WBX 20. KD)- Sort & Find & Filter Select Analyze Data P GL 6 Q R Worksheet 8 Sensitivity T 回円 Solver U Income Statement Comments Show ToolPak V Owner's W OF Share + 100% T X Home Insert Draw Page Layout - AutoSave OFF A B * LO CA Paste 5p G13 7 Cash 33 34 35 36 37 38 39 40 41 42 43 44 v 4) A اشر Ready Arial Accounts Receivable 9 Merchandise Inventory 10 Prepaid Rent 11 Delivery Truck 12 Acc. Depreciation 13 Accounts Payable 14 Uneamed Rent 15 B. Duval, Capital 16 B. Duval, Withdrawals 17 Income Summary 18 Sales 15. Sales Rins. & Allow 20 Sales Discounts 21 Rental Income 22 Cost of Goods Sold 23 Advertising Expense 24 Dep. Expense, Truck 25 Rent Expense 26 Cleaning Expense 27 Subtotale 28 Net Income 29 Totals 30 31 32 B +x✓ fx Account Tilles I U Sales Journal ✓ B # 33,441 16,500 16,380 1,650 32,000 Trial Balance 250 3,200 294 58,850 200 C ... 0 0 50 160,815 ✓12 Accessibility: Investigate C CP. Formulas Data A A 3,000 44,000 1,000 40,715 0 72,100 0 160,815 These two columns should balance at $160,815. if you aren't getting to this number, stop and get help from your instructor. Purchases Journal Y D F E Dr. 250 F 0 H THE ELEMANT DRESS SHOP WORKSHEET FOR THE MONTH ENDING MARCH 31, 2018 Adjustments 300 550 1,100 Review View Automate ab. 海三國、 v EE CR Journal Cr. 300 250 250 800 These two columns shoul balance at $1,100. If you arent getting to this number, stop and get help from your instructor. Custom Adjusted Trial Balance Dr. Cr. 33,441 16,500 16,380 1,400 32,300 250 CP Journal 3,200 294 58,850 200 300 550 50 161,715 1 9 3,300 44,000 750 40,715 72,100 GJ 1 250 161,115 J Accoutning Project Part 1 500 Tell me If These two columns should Net Income balance at $161,115. It should be you arent getting to this $10.906 number stop and get help. from your instructor. GL 1 Income Statement Cr. K Conditional Formatting Format as Table Cell Styles v . GL 2 L M Balance Sheet Dr. GL 3 GL4 Insert v Delete Format v N D GL 5 Σ - WBX 20. KD)- Sort & Find & Filter Select Analyze Data P GL 6 Q R Worksheet 8 Sensitivity T 回円 Solver U Income Statement Comments Show ToolPak V Owner's W OF Share + 100% T X