7:00n27:03E3-29 Using the worksheet to record the adjusting journal entries234Learning Objective 61. Adjustments $3,700 total5The worksheet of Best Jobs Employment Service follows but is incomplete.AAccount Names67 Cash8 Accounts Receivable9 Office Supplies10 Equipment11 Accumulated Depreciation-Equipment12 Salaries Payable13 Common Stock14 Dividends15 Service Revenue16 Salaries Expense17 Rent Expense18 Depreciation Expense-Equipment19 Supplies Expense20 Total213.2-97 Full Alternative TextсоBсDBEST JOBS EMPLOYMENT SERVICEWorksheetApril 30, 2018Unadjusted Trial BalanceDebitCredit$ 1,1004,1001,20032,7005,3002,2001,500$ 48,100$ 13,90025,2009,000$ 48,100167/ 1480bQEAdjustmentsDebitCredit* * * || 52%ĘAAFGAdjusted Trial BalanceDebitCredit❀ ||| 0 <: 3.2-97 Full Alternative TextThe following data at April 30, 2018, are given for Best Jobs EmploymentService:a. Service revenue accrued, $700.b. Office supplies used, $300.c. Depreciation on equipment, $1,300.d. Salaries owed to employees, $1,400.Requirements1. Calculate and enter the adjustment amounts directly in the Adjustmentscolumns. Use letters a through d to label the four adjustments.2. Calculate and enter the adjusted account balances in the Adjusted TrialBalance columns.3. Prepare each adjusting journal entry calculated in Requirement 1. Datethe entries, and include explanations.

An unadjusted trial balance does not consist of the adjustment, for example, accrued revenues,…

3.2-97 Full Alternative Text The following data at April 30, 2018, are given for Best Jobs Employment Service: a. Service revenue accrued, $700. b. Office supplies used, $300. c. Depreciation on equipment, $1,300. d. Salaries owed to employees, $1,400. Requirements 1. Calculate and enter the adjustment amounts directly in the Adjustments columns. Use letters a through d to label the four adjustments. 2. Calculate and enter the adjusted account balances in the Adjusted Trial Balance columns. 3. Prepare each adjusting journal entry calculated in Requirement 1. Date the entries, and include explanations.

3.2-97 Full Alternative Text The following data at April 30, 2018, are given for Best Jobs Employment Service: a. Service revenue accrued, $700. b. Office supplies used, $300. c. Depreciation on equipment, $1,300. d. Salaries owed to employees, $1,400. Requirements 1. Calculate and enter the adjustment amounts directly in the Adjustments columns. Use letters a through d to label the four adjustments. 2. Calculate and enter the adjusted account balances in the Adjusted Trial Balance columns. 3. Prepare each adjusting journal entry calculated in Requirement 1. Date the entries, and include explanations.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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