Hello! I need some help with accounting. I need to jurnalize the adjusting entries. Journalism the adjustments in the order given in the question. General Jurnal Date description. Post debit credit 20-- adjusting entries Mar.31 ______ ______ Mar.31 ______ ______ Mar.31 ______ ______ Mar31 ______ ______ Mar.31 ______ ______ Mar.31 ______ ______ Then I must prepare an income statement
Hello! I need some help with accounting. I need to jurnalize the adjusting entries. Journalism the adjustments in the order given in the question. General Jurnal Date description. Post debit credit 20-- adjusting entries Mar.31 ______ ______ Mar.31 ______ ______ Mar.31 ______ ______ Mar31 ______ ______ Mar.31 ______ ______ Mar.31 ______ ______ Then I must prepare an income statement
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hello! I need some help with accounting.
I need to jurnalize the adjusting entries . Journalism the adjustments in the order given in the question.
General Jurnal
Date description. Post debit credit
20-- adjusting entries
Mar.31 ______
______
Mar.31 ______
______
Mar.31 ______
______
Mar31 ______
______
Mar.31 ______
______
Mar.31 ______
______
Then I must prepare an income statement
![salaries
Expense
2,455
(e)
480
2,935
2,935
1S Rent Expense 1,325
15
1,325
1,325
Travel
16
Expense
16
398
398
398
Utilities
17
Expense
17
196
196
196
Advertising
18
18
590
590
590
Expense
Miscellaneous
19
Expense
19
145
145
145
20
20
50,383 50,383
Insurance
21
Expense
21
(a)
260
260
260
Depreciation
22 Expense,
600
600
22
(b)
600
Equipment
Depreciation
Expense,
23
Office
(c)
470
470
470
23
Furniture
Depreciation
24 Expense,
(d)
762
762
762
Truck
Salaries
25
Payable
(e)
480
480
480 25
Supplies
26
Expense
(f)
180
180
180
26
27
2,752
2,752 52,695 52,695 7,861 12,589 44,834 40,106 27
28 Net Income
4,728
4,728 28
29
12,589 12,589 44,834 44,834 29
30
30
31
31
Required:
oarialize the adjusting entries. Journalize the adjustments in the order given in the question.
GENERAL JOURNAL
24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c67e5fc-2063-4151-9398-69955c5847d0%2Fc16843a9-b08c-4a4f-97fe-54356b80b40d%2Fruep7z_processed.jpeg&w=3840&q=75)
Transcribed Image Text:salaries
Expense
2,455
(e)
480
2,935
2,935
1S Rent Expense 1,325
15
1,325
1,325
Travel
16
Expense
16
398
398
398
Utilities
17
Expense
17
196
196
196
Advertising
18
18
590
590
590
Expense
Miscellaneous
19
Expense
19
145
145
145
20
20
50,383 50,383
Insurance
21
Expense
21
(a)
260
260
260
Depreciation
22 Expense,
600
600
22
(b)
600
Equipment
Depreciation
Expense,
23
Office
(c)
470
470
470
23
Furniture
Depreciation
24 Expense,
(d)
762
762
762
Truck
Salaries
25
Payable
(e)
480
480
480 25
Supplies
26
Expense
(f)
180
180
180
26
27
2,752
2,752 52,695 52,695 7,861 12,589 44,834 40,106 27
28 Net Income
4,728
4,728 28
29
12,589 12,589 44,834 44,834 29
30
30
31
31
Required:
oarialize the adjusting entries. Journalize the adjustments in the order given in the question.
GENERAL JOURNAL
24
![For Month Ended March 31, 20--
TRIAL
ADJUSTED
INCOME
BALANCE
BALANCE
ADJUSTMENTS
TRIAL
SHEET
STATEMENT
BALANCE
ACCOUNT
DEBIT CREDIT
NAME
DEBIT
CREDIT
DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
1 Cash
6,230
1.
6,230
6,230
2 Supplies
532
352
(f)
180
352
Prepaid
31
988
3.
1,248
(a)
260
988
Insurance
4 Equipment
6,285
6,285
6,285
4
Accumulated
5 Depreciation,
4,120
4,120 5
3,520
(b)
600
Equipment
Office
6
Furniture
3,680
3,680
3,680
Accumulated
Depreciation,
7.
Office
2,816
(c)
470
3,286
3,286 7
Furniture
8 Truck
23,799
23,799
23,799
8
Accumulated
9 Depreciation,
18,163
(d)
18,925
18,925 9
Truck
Accounts
10
Payable
2,623
2,623
2,623 10
D. Chelsey,
11
Capital
10,672
10,672
10,672 11
D. Chelsey,
12
Drawing
3,500
3,500
3,500
12
Professional
13
Fees
12,589
12,589
12,589
13](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c67e5fc-2063-4151-9398-69955c5847d0%2Fc16843a9-b08c-4a4f-97fe-54356b80b40d%2Ffwwrmuq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:For Month Ended March 31, 20--
TRIAL
ADJUSTED
INCOME
BALANCE
BALANCE
ADJUSTMENTS
TRIAL
SHEET
STATEMENT
BALANCE
ACCOUNT
DEBIT CREDIT
NAME
DEBIT
CREDIT
DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
1 Cash
6,230
1.
6,230
6,230
2 Supplies
532
352
(f)
180
352
Prepaid
31
988
3.
1,248
(a)
260
988
Insurance
4 Equipment
6,285
6,285
6,285
4
Accumulated
5 Depreciation,
4,120
4,120 5
3,520
(b)
600
Equipment
Office
6
Furniture
3,680
3,680
3,680
Accumulated
Depreciation,
7.
Office
2,816
(c)
470
3,286
3,286 7
Furniture
8 Truck
23,799
23,799
23,799
8
Accumulated
9 Depreciation,
18,163
(d)
18,925
18,925 9
Truck
Accounts
10
Payable
2,623
2,623
2,623 10
D. Chelsey,
11
Capital
10,672
10,672
10,672 11
D. Chelsey,
12
Drawing
3,500
3,500
3,500
12
Professional
13
Fees
12,589
12,589
12,589
13
Expert Solution
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Step 1
Adjustment Entries is generally prepared at the end of the Period so that correct financial performance of the company can be determined.
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