Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Adjustment Dr. $10,340 8,060 2,790 4,420 16,000 2,540 Cr. $3,600 5,270 0 2,070 18,590 5,720 33,330 12,600 Adjustment Dr. $10,340 8,660 1,500 2,960 16,000 2,540 Cr. $4,800 5,270 1,480 1,170 18,590 5,720 33,930 13,500
Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Adjustment Dr. $10,340 8,060 2,790 4,420 16,000 2,540 Cr. $3,600 5,270 0 2,070 18,590 5,720 33,330 12,600 Adjustment Dr. $10,340 8,660 1,500 2,960 16,000 2,540 Cr. $4,800 5,270 1,480 1,170 18,590 5,720 33,930 13,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please add calculations steps please and do not give solution in image format ?.
Transcribed Image Text:Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Accumulated Depreciation-Equipment
Accounts Payable
Salaries and Wages Payable
Unearned Rent Revenue
Common Stock
Retained Earnings
Dividends
Service Revenue
Rent Revenue
Salaries and Wages Expense
Supplies Expense
Before
Adjustment
Dr.
$10,340
8,060
2,790
4,420
16,000
2,540
16,050
0
Cr.
$3,600
5,270
0
2,070
18,590
5,720
33,330
12,600
After
Adjustment
Dr.
$10,340
8,660
1,500
2,960
16,000
2,540
17,530
1,290
Cr.
$4,800
5,270
1,480
1,170
18,590
5,720
33,930
13,500
Transcribed Image Text:Rent Expense
Insurance Expense
Depreciation Expense
Date Account Titles and Explanation
Aug. 31
Aug. 31
20,980
(To close revenue accounts)
0
0
$81,180
$81,180
20,980
1,460
Prepare the closing entries for the temporary accounts at August 31. (List all debit entries before credit entries. If no entry is required, select
"No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do
not indent manually.)
1,200
$84,460
$84,460
Debit
Credit
THE
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