Trial Balance Adjustments Adjusted Islam 24 Trial Balance Cash Accounts Receivable Prepaid Insurance Dr. Cr. Dr....

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Trial Balance Adjustments Adjusted Islam 24 Trial Balance Cash Accounts Receivable Prepaid Insurance Dr. Cr. Dr. Cr. Dr. Cr. $4,000 $4,000 5,000 5,000 3,600 Prepaid Rent 3,300 1,000 Truck 6,000 Accumulated Depreciation $ -0- Accounts Payable 7,000 Salaries Payable Unearned Rent 1,200 500 6,000 $1,500 7,400 1,000 600 Share Capital Revenue 2,700 2,700 25,000 25,000 600 Rent Earned 700 Advertising Expense 700 2,000 Commissions Expense 2,000 1,500 Depreciation Expense 300 Insurance Expense 500 Interest Expense 100 6,000 Rent Expense 5,500 9,000 Salaries Expense 8,000 Totals $35,900 $35,900 $38,800 $38,800 Required: a. Indicate in the "Adjustments" column the debit or credit difference between the unadjusted trial balance and the adjusted trial balance. b. Prepare in general journal format the adjusting entries that have been recorded. Include descriptions. Trial Balance Adjustments Adjusted Islam 24 Trial Balance Cash Accounts Receivable Prepaid Insurance Dr. Cr. Dr. Cr. Dr. Cr. $4,000 $4,000 5,000 5,000 3,600 Prepaid Rent 3,300 1,000 Truck 6,000 Accumulated Depreciation $ -0- Accounts Payable 7,000 Salaries Payable Unearned Rent 1,200 500 6,000 $1,500 7,400 1,000 600 Share Capital Revenue 2,700 2,700 25,000 25,000 600 Rent Earned 700 Advertising Expense 700 2,000 Commissions Expense 2,000 1,500 Depreciation Expense 300 Insurance Expense 500 Interest Expense 100 6,000 Rent Expense 5,500 9,000 Salaries Expense 8,000 Totals $35,900 $35,900 $38,800 $38,800 Required: a. Indicate in the "Adjustments" column the debit or credit difference between the unadjusted trial balance and the adjusted trial balance. b. Prepare in general journal format the adjusting entries that have been recorded. Include descriptions.

Answer rating: 100% (QA)

a Indicate in the Adjustments column the debit or credit difference between the unadjusted trial balance and the adjusted trial balance Cash No adjust... View the full answer