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 DessertsStartmg value Unadjusted Trial BalanceDecember 31, 2025AccountsDebitCreditCashAccounts ReceivableAllowance for Bad Debts105,80014,6001,900InventoryPrepaid AdvertisingSuppliesAccounts PayableUnearned Revenue10,0001,2004,20014,20012,0007,00072,90028,80074,200Long-Term Note PayableCommon StockRetained EarningsSales RevenueCost of Goods SoldWages ExpenseUtility ExpenseAdvertising Expense40,20010,7003,40020,900211,000Totals211,000Adjusting & Other Entries:

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
Startmg value Unadjusted Trial Balance
December 31, 2025
Accounts
Debit
Credit
Cash
Accounts Receivable
Allowance for Bad Debts
105,800
14,600
1,900
Inventory
Prepaid Advertising
Supplies
Accounts Payable
Unearned Revenue
10,000
1,200
4,200
14,200
12,000
7,000
72,900
28,800
74,200
Long-Term Note Payable
Common Stock
Retained Earnings
Sales Revenue
Cost of Goods Sold
Wages Expense
Utility Expense
Advertising Expense
40,200
10,700
3,400
20,900
211,000
Totals
211,000
Adjusting & Other Entries:

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