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Instructions: Determine the adjusting entries that were made. Write your answers on the general journal pwovided.

Instructions: Determine the adjusting entries that were made. Write your answers on the general journal pwovided.

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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EXPLORE - Time: Name: Instructions: Determine the adjusting entries that were made. Write your answers on the general journal pwovided. The unadjusted and adjusted December 31, 2018 Trial Ba;ances br the A. T. Design are pres ented below: A. T. Design Trial Balance December 31, 20O18 Unadjus ted A djusted Cash 72,000 72,000 Accounts Receiv able 331,000 331,000 Prepaid lnsurance 48,000 36,000 Supplies 125,000 72,000 Land 170.000 170.000 Building 850,000 850,000 Accumula ted Deprec la tion- B uilding Com puter E quipment 230,000 245, 000 620.000 620,000 Accumulated Depreciation-Computer E quipment 106,000 124. 000 Notes Pay able 550,000 550, 000 Accounts Payable Salaries P ay able 143,000 143, 000 34, 000 Interest Pay able 77,000 470, 000 Morgage P ay able Tejero, Capial Tejero, W ithdrawals Computer-Aided Des ign Serv ice Revenues 470,000 310,000 310, 000 250,000 250,000 1,470,000 1,470, 000 Salaries Expense 813,000 847,000 Insurance Expense 12,000 Supplies E x pense 53,000 Depreciation Expense-Building 15,000 Depreciaton Depreciation-Computer E quipm ent 18,000 Interest E xpense 77,000 Total 3,279,000 3,279,00O 3,423,000 3,423, 000 Required: Determine he adjustments that were made. Pa ge 1 Date Account titles and Explanation P.R. Debit Credit 1 2 3 4 4 5 5 6 6. 8 9 10 10 11 12 11 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20 21
Transcribed Image Text:EXPLORE - Time: Name: Instructions: Determine the adjusting entries that were made. Write your answers on the general journal pwovided. The unadjusted and adjusted December 31, 2018 Trial Ba;ances br the A. T. Design are pres ented below: A. T. Design Trial Balance December 31, 20O18 Unadjus ted A djusted Cash 72,000 72,000 Accounts Receiv able 331,000 331,000 Prepaid lnsurance 48,000 36,000 Supplies 125,000 72,000 Land 170.000 170.000 Building 850,000 850,000 Accumula ted Deprec la tion- B uilding Com puter E quipment 230,000 245, 000 620.000 620,000 Accumulated Depreciation-Computer E quipment 106,000 124. 000 Notes Pay able 550,000 550, 000 Accounts Payable Salaries P ay able 143,000 143, 000 34, 000 Interest Pay able 77,000 470, 000 Morgage P ay able Tejero, Capial Tejero, W ithdrawals Computer-Aided Des ign Serv ice Revenues 470,000 310,000 310, 000 250,000 250,000 1,470,000 1,470, 000 Salaries Expense 813,000 847,000 Insurance Expense 12,000 Supplies E x pense 53,000 Depreciation Expense-Building 15,000 Depreciaton Depreciation-Computer E quipm ent 18,000 Interest E xpense 77,000 Total 3,279,000 3,279,00O 3,423,000 3,423, 000 Required: Determine he adjustments that were made. Pa ge 1 Date Account titles and Explanation P.R. Debit Credit 1 2 3 4 4 5 5 6 6. 8 9 10 10 11 12 11 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20 21
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