The trial balance of Lauer Corporation at December 31, 2016 follows, before and after the posting of adjusting entries

Required:
1. Indicate in the "Adjustments" column the debit or credit difference between the unadjusted trial balance and the adjusted trial balance.
2. Prepare in general journal format the adjusting entries that must have been recorded. Include general ledger account numbers and plausible descriptions.

Transcribed Image Text:

Acct. No. Unadjusted trial balance Adjusted trial balance Account Adjustments Debit Credit Debit Credit Debit Credit $ 4,000 4,000 5,000 3,300 500 6,000 101 Cash 110 Accounts receivable 161 Prepaid insurance 162 Prepaid rent 184 Truck 194 Acc. dep. -truck 210 Accounts payable 222 Interest payable 226 Salaries payable 248 Unearned rent revenue 320 Share capital 440 Rent earned 610 Advertizing expense 615 Commissions expense 624 Dep. expense truck 631 Insurance expense 632 Interest expense 654 Rent expense 656 Salaries expense 5,000 3,600 1,000 6,000 $1,500 7,000 400 1,000 600 2,700 25,600 $7,000 1,200 2,700 25,000 700 2,000 700 2,000 1,500 300 500 6,000 9,000 100 5,500 8,000 Totals $35,900 $35,900 $38,800 $38,800