Record (write out in proper journal entry format) each of the adjusting entries. Post each of the adjusting entries to the T-accounts.Adjusting & other entries:A) December 31: The bookkeeper forgot to enter a journal entry in the system. Therefore, you must also record an entry for $11,500 dividend payment that the company made to its shareholders. (Debit dividends and credit cash). # Sinfully Sweet Desserts: Unadjusted Trial Balance### As of December 31, 2025| **Accounts** | **Debit** | **Credit** ||-------------------------------|-----------|------------|| Cash | 105,800 | || Accounts Receivable | 14,600 | || Allowance for Bad Debts | | 1,900 || Inventory | 10,000 | || Prepaid Advertising | 1,200 | || Supplies | 4,200 | || Accounts Payable | | 14,200 || Unearned Revenue | | 12,000 || Long-Term Note Payable | | 7,000 || Common Stock | | 72,900 || Retained Earnings | | 28,800 || Sales Revenue | | 74,200 || Cost of Goods Sold | 40,200 | || Wages Expense | 10,700 | || Utility Expense | 3,400 | || Advertising Expense | 20,900 | || **Totals** | 211,000 | 211,000 |### Explanation:This is an unadjusted trial balance for a company, listed by account names, and divided into debits and credits. The totals for both debits and credits are equal at 211,000, indicating that the accounting equation is in balance as of December 31, 2025. Each account is required for preparing financial statements and conducting further adjustments as needed.

Adjusting entries are journal entries made to rectify the mistakes in account balances.

Answered: adjusting entries

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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Record (write out in proper journal entry format) each of the adjusting entries. Post each of the adjusting entries to the T-accounts.

Adjusting & other entries:

A) December 31: The bookkeeper forgot to enter a journal entry in the system. Therefore, you must also record an entry for $11,500 dividend payment that the company made to its shareholders. (Debit dividends and credit cash).

# Sinfully Sweet Desserts: Unadjusted Trial Balance
### As of December 31, 2025

| **Accounts** | **Debit** | **Credit** |
|-------------------------------|-----------|------------|
| Cash | 105,800 | |
| Accounts Receivable | 14,600 | |
| Allowance for Bad Debts | | 1,900 |
| Inventory | 10,000 | |
| Prepaid Advertising | 1,200 | |
| Supplies | 4,200 | |
| Accounts Payable | | 14,200 |
| Unearned Revenue | | 12,000 |
| Long-Term Note Payable | | 7,000 |
| Common Stock | | 72,900 |
| Retained Earnings | | 28,800 |
| Sales Revenue | | 74,200 |
| Cost of Goods Sold | 40,200 | |
| Wages Expense | 10,700 | |
| Utility Expense | 3,400 | |
| Advertising Expense | 20,900 | |
| **Totals** | 211,000 | 211,000 |

### Explanation:
This is an unadjusted trial balance for a company, listed by account names, and divided into debits and credits. The totals for both debits and credits are equal at 211,000, indicating that the accounting equation is in balance as of December 31, 2025. Each account is required for preparing financial statements and conducting further adjustments as needed.

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