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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
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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7:00 n 27:03 E3-29 Using the worksheet to record the adjusting journal entries 2 3 4 Learning Objective 6 1. Adjustments $3,700 total 5 The worksheet of Best Jobs Employment Service follows but is incomplete. A Account Names 6 7 Cash 8 Accounts Receivable 9 Office Supplies 10 Equipment 11 Accumulated Depreciation-Equipment 12 Salaries Payable 13 Common Stock 14 Dividends 15 Service Revenue 16 Salaries Expense 17 Rent Expense 18 Depreciation Expense-Equipment 19 Supplies Expense 20 Total 21 3.2-97 Full Alternative Text со B с D BEST JOBS EMPLOYMENT SERVICE Worksheet April 30, 2018 Unadjusted Trial Balance Debit Credit $ 1,100 4,100 1,200 32,700 5,300 2,200 1,500 $ 48,100 $ 13,900 25,200 9,000 $ 48,100 167/ 1480 b Q E Adjustments Debit Credit * * * || 52% Ę AA F G Adjusted Trial Balance Debit Credit ❀ ||| 0 < :
Transcribed Image Text:7:00 n 27:03 E3-29 Using the worksheet to record the adjusting journal entries 2 3 4 Learning Objective 6 1. Adjustments $3,700 total 5 The worksheet of Best Jobs Employment Service follows but is incomplete. A Account Names 6 7 Cash 8 Accounts Receivable 9 Office Supplies 10 Equipment 11 Accumulated Depreciation-Equipment 12 Salaries Payable 13 Common Stock 14 Dividends 15 Service Revenue 16 Salaries Expense 17 Rent Expense 18 Depreciation Expense-Equipment 19 Supplies Expense 20 Total 21 3.2-97 Full Alternative Text со B с D BEST JOBS EMPLOYMENT SERVICE Worksheet April 30, 2018 Unadjusted Trial Balance Debit Credit $ 1,100 4,100 1,200 32,700 5,300 2,200 1,500 $ 48,100 $ 13,900 25,200 9,000 $ 48,100 167/ 1480 b Q E Adjustments Debit Credit * * * || 52% Ę AA F G Adjusted Trial Balance Debit Credit ❀ ||| 0 < :
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.
Transcribed Image Text: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.
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