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Accounting
Accounts Receiveable 3,100 "repaid Insurance Supplies and 2,500 Equipment 20,000 Accumulated Dep. -Bldg. Accumulated Dep. -Furniture Accumulated Dep. -Equipment Interest Payable Salaries Payable Unearned Commission Revenues 1,200 Unearned Subscriptions Revenues Retained Earnings Income Summary Subscription Revenue Advertising Expense 4,300 32,700 Depreciation Expense - Building Depreciation Expense -Furniture Interest Expense 2,365 Salaries Expense 33,475 Supplies Expense 15,800 Utilities Expense

Accounts Receiveable 3,100 "repaid Insurance Supplies and 2,500 Equipment 20,000 Accumulated Dep. -Bldg. Accumulated Dep. -Furniture Accumulated Dep. -Equipment Interest Payable Salaries Payable Unearned Commission Revenues 1,200 Unearned Subscriptions Revenues Retained Earnings Income Summary Subscription Revenue Advertising Expense 4,300 32,700 Depreciation Expense - Building Depreciation Expense -Furniture Interest Expense 2,365 Salaries Expense 33,475 Supplies Expense 15,800 Utilities Expense

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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Post the adjusting entries to the general ledger T-accounts and calculate balances for each T-account.

Accounts Receiveable Prepaid Insurance Supplies Land 3,100 Building 2,500 20,000 75,000 Equipment 20,000 Accumulated Dep. - Bldg. Accumulated Dep. - Furniture Accumulated Dep. -Equipment Interest Payable Salaries Payable Unearned Commission Revenues 1,200 Unearned Subscriptions Revenues 800 Bank Loan Long Term 57,600 Retained Earnings Income Summary Subscription Revenue Advertising Expense 4,300 32,700 Depreciation Expense - Building Depreciation Expense -Furniture Depreciation Expense -Equipment Interest Expense 2,365 Salaries Expense 33,475 Supplies Expense 15,800 Utilities Expense 2,860
Transcribed Image Text:Accounts Receiveable Prepaid Insurance Supplies Land 3,100 Building 2,500 20,000 75,000 Equipment 20,000 Accumulated Dep. - Bldg. Accumulated Dep. - Furniture Accumulated Dep. -Equipment Interest Payable Salaries Payable Unearned Commission Revenues 1,200 Unearned Subscriptions Revenues 800 Bank Loan Long Term 57,600 Retained Earnings Income Summary Subscription Revenue Advertising Expense 4,300 32,700 Depreciation Expense - Building Depreciation Expense -Furniture Depreciation Expense -Equipment Interest Expense 2,365 Salaries Expense 33,475 Supplies Expense 15,800 Utilities Expense 2,860
Date General Ledger Account 31-Aug Prepaid Insurance Insurance Expense 31-Aug Supplies Expense Supplies 31-Aug Depreciation Expense Accumulated Depreciation-Building 31-Aug Depreciation Expense Accumulated Depreciation-Furniture 31-Aug Depreciation Expense Accumulated Depreciation-Equipment 31-Aug Interest Expense Interest Payabl 31-Aug Unearned Commission Revenue Earned Commission Revenue 31-Aug Unearned Subscription Revenue Earned Commission Revenue 31-Aug Salaries Expense Salaries Payable Debit 900 350 1,500 500 1,000 250 750 2,000 325 Credit 90 350 1,500 500 1,000 250 750 2,000 325
Transcribed Image Text:Date General Ledger Account 31-Aug Prepaid Insurance Insurance Expense 31-Aug Supplies Expense Supplies 31-Aug Depreciation Expense Accumulated Depreciation-Building 31-Aug Depreciation Expense Accumulated Depreciation-Furniture 31-Aug Depreciation Expense Accumulated Depreciation-Equipment 31-Aug Interest Expense Interest Payabl 31-Aug Unearned Commission Revenue Earned Commission Revenue 31-Aug Unearned Subscription Revenue Earned Commission Revenue 31-Aug Salaries Expense Salaries Payable Debit 900 350 1,500 500 1,000 250 750 2,000 325 Credit 90 350 1,500 500 1,000 250 750 2,000 325
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