Question: this a cengage question make sure it done using the journal they require like this . PAGE 10 JOURNAL ACCOUNTING EQUATION The data needed to
this a cengage question make sure it done using the journal they require
like this


PAGE 10 JOURNAL ACCOUNTING EQUATION The data needed to determine year-end adjustments are as follows: a. Unexpired insurance at October 31, \$6,105. b. Supplies on hand at October 31,$485. c. Depreciation of building for the year, $7,140. d. Depreciation of equipment for the year, $4,445. e. Unearned rent at October 31, \$1,890. f. Accrued salaries and wages at October 31,$3,330. g. Fees earned but unbilled on October 31,$11,475. Required: 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable, Rent Revenue, Insurance Expense, -Building, Depreciation Expense-Equipment and Supplies Expense. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. 2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
