Journalize
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Journalize Adjusting Entries for a Merchandising Business
The following partial spreadsheet is taken from the books of Vinnie's Vegetable
Market, for the year ended December 31, 20--.
Vinnie's Vegetable Market
End-of-Period Spreadsheet (Partial)
For Year Ended December 31, 20--
TRIAL BALANCE
ADJUSTMENTS
ACCOUNT TITLE
DEBIT
CREDIT
DEBIT
CREDIT
Merchandise Inventory
45,000.00
(b) 50,000.00
(a) 45,000.00
Supplies
Building
10,000.00
(d) 7,000.00
60,000.00
Accum. Depr.-Building
15,000.00
(e) 5,000.00
Wages Payable
() 1,200.00
(c) 2,000.00
Unearned Membership Fees
Income Summary
3,000.00
(a) 45,000.00
(b) 50,000.00
Membership Fees
20,000.00
(c) 2,000.00
Wages Expense
37,000.00
(f) 1,200.00
Supplies Expense
(d) 7,000.00
Depr. Expense-Building
(e) 5,000.00
110,200.00
110,200.00
Journalize the adjustments in a general journal.
Page: 1
DOC. POST.
NO. REF.
DATE
ACCOUNT TITLE
DEBIT CREDIT
20--
1
Dec. 31
2
3
4 Dec. 31
5
6.
6.
7
Dec. 31
7
8.
8.
9.
9.
10 Dec. 31
10
11
11
12
12
13 Dec. 31
13
14
14
15
15
16 Dec. 31
16
17
17
18
18
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