Journalize the necessary adjusting entries for the following (partial) trial balance. Based on a physical count, the ending merchandise inventory is $67,000. Unearned revenue at year-end was $4,230. Account Title Debit Credit Cash 7,500 Accounts Receivable 17,000 Merchandise Inventory 86,000 Unearned Revenue 20,800 Revenue 193,000 Purchases 82,000 Purchases Discounts 4,100 If an amount box does not require an entry, leave it blank. Page: 1 POST. DATE DESCRIPTION DEBIT CREDIT REF. 1 a. 1 2 3 b. 4. 5 c. 6. 6.
Journalize the necessary adjusting entries for the following (partial) trial balance. Based on a physical count, the ending merchandise inventory is $67,000. Unearned revenue at year-end was $4,230. Account Title Debit Credit Cash 7,500 Accounts Receivable 17,000 Merchandise Inventory 86,000 Unearned Revenue 20,800 Revenue 193,000 Purchases 82,000 Purchases Discounts 4,100 If an amount box does not require an entry, leave it blank. Page: 1 POST. DATE DESCRIPTION DEBIT CREDIT REF. 1 a. 1 2 3 b. 4. 5 c. 6. 6.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Journalize the necessary adjusting entries for the following (partial) trial balance. Based on a physical count, the
ending merchandise inventory is $67,000. Unearned revenue at year-end was $4,230.
Account Title
Debit
Credit
Cash
7,500
Accounts Receivable
17,000
Merchandise Inventory
86,000
Unearned Revenue
20,800
Revenue
193,000
Purchases
82,000
Purchases Discounts
4,100
If an amount box does not require an entry, leave it blank.
Page: 1
POST.
DATE
DESCRIPTION
DEBIT CREDIT
REF.
1 а.
1
2
3 b.
4
5 C.
5
6.
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Transcribed Image Text:Cash
Accounts Receivable
Merchandise Inventory
Unearned Revenue
Revenue
Purchases
Purchases Discounts
1 a.
2
3 b.
4
Account Title
DATE
If an amount box does not require an entry, leave it blank.
Page: 1
POST.
REF.
5 c.
6
DESCRIPTION
Income Summary
Merchandise Inventory
Merchandise Inventory
Income Summary
Unearned Revenue
Debit
7,500
17,000
86,000
Revenue
82,000
86000
Credit
67000
20,800
193,000
DEBIT
16570
4,100
CREDIT
+ 86000
+
67000
16570
1
A W N
+3
4
+5
6
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