The trial balances before and after adjustment for Blossom Company at the end of the fiscal...
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The trial balances before and after adjustment for Blossom Company at the end of the fiscal year are as follows. BLOSSOM COMPANY Trial Balance August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Before Adjustment Dr. $13.298 10,736 3,050 4,880 19,520 Cr. After Adjustment Dr. $13,298 11,468 610 3,050 19,520 Cr. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock BLOSSOM COMPANY Trial Balance August 31, 2022 Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Before Adjustment Dr. $13,298 10,736 3,050 4,880 19,520 3,416 20,740 0 13,176 0 0 $88.816 Cr. $4,392 7,076 0 2,196 12,200 6,710 41,480 14,762 $88,816 After Adjustment Dr. $13,298 11,468 610 3,050 19,520 3,416 22.082 2,440 13.176 1,830 1464 $92,354 Cr. $5,856 7,076 1,342 976 12,200 6,710 42,212 15,982 $92,354 Prepare the adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Aug. 31 Aug. 31 Aug. 31 Aug. 31 Aug. 31 Aug. 31 (To record the service revenue) (To record the supplies expense) (To record the insurance expense) (To record depreciation expense) (To record salaries and wages expense) (To record rent revenue) Debit Credit The trial balances before and after adjustment for Blossom Company at the end of the fiscal year are as follows. BLOSSOM COMPANY Trial Balance August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Before Adjustment Dr. $13.298 10,736 3,050 4,880 19,520 Cr. After Adjustment Dr. $13,298 11,468 610 3,050 19,520 Cr. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock BLOSSOM COMPANY Trial Balance August 31, 2022 Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Before Adjustment Dr. $13,298 10,736 3,050 4,880 19,520 3,416 20,740 0 13,176 0 0 $88.816 Cr. $4,392 7,076 0 2,196 12,200 6,710 41,480 14,762 $88,816 After Adjustment Dr. $13,298 11,468 610 3,050 19,520 3,416 22.082 2,440 13.176 1,830 1464 $92,354 Cr. $5,856 7,076 1,342 976 12,200 6,710 42,212 15,982 $92,354 Prepare the adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Aug. 31 Aug. 31 Aug. 31 Aug. 31 Aug. 31 Aug. 31 (To record the service revenue) (To record the supplies expense) (To record the insurance expense) (To record depreciation expense) (To record salaries and wages expense) (To record rent revenue) Debit Credit
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Adjusting entries are shown below Date Account titles and ... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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