Journalizing Adjusting Entries Jim Jacobs' Furniture Repair Work Sheet (Partial) For Year Ended December 31, 20-- Trial Balance Adjustments Adjusted Trial Balance Account Title Debit Credit Debit Credit Debit Credit Cash 100 100 Supplies 850 650 200 Prepaid Insurance 900 600 300 Delivery Equipment 3,600 3,600 Accumulated Depreciation—Delivery Equipment 600 200 800 Wages Payable 100 100 Jim Jacobs, Capital 4,000 4,000 Repair Fees 1,650 1,650 Wages Expense 600 100 700 Advertising Expense 200 200 Supplies Expense 650 650 Insurance Expense 600 600 Depreciation Expense—Delivery Equipment 200 200 6,250 6,250 1,550 1,550 6,550 6,550 From the Adjustments columns in the worksheet, journalize the four adjusting entries, as of December 31, in proper general journal format. Page: DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 20-- Dec. 31 fill in the blank 2 fill in the blank 3 1 2 fill in the blank 5 fill in the blank 6 2 3 3 4 31 fill in the blank 8 fill in the blank 9 4 5 fill in the blank 11 fill in the blank 12 5 6 6 7 31 fill in the blank 14 fill in the blank 15 7 8 fill in the blank 17 fill in the blank 18 8 9 9 10 31 fill in the blank 20 fill in the blank 21 10 11 fill in the blank 23 fill in the blank 24 11 12 12

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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Journalizing Adjusting Entries

Jim Jacobs' Furniture Repair Work Sheet (Partial) For Year Ended December 31, 20--
	Trial Balance	Adjustments	Adjusted Trial Balance
Account Title	Debit	Credit	Debit	Credit	Debit	Credit
Cash	100				100
Supplies	850			650	200
Prepaid Insurance	900			600	300
Delivery Equipment	3,600				3,600
Accumulated Depreciation—Delivery Equipment		600		200		800
Wages Payable				100		100
Jim Jacobs, Capital		4,000				4,000
Repair Fees		1,650				1,650
Wages Expense	600		100		700
Advertising Expense	200				200
Supplies Expense			650		650
Insurance Expense			600		600
Depreciation Expense—Delivery Equipment			200		200
	6,250	6,250	1,550	1,550	6,550	6,550

From the Adjustments columns in the worksheet, journalize the four adjusting entries, as of December 31, in proper general journal format.

Page:

	DATE	DEBIT	CREDIT
1	20-- Dec. 31	fill in the blank 2	fill in the blank 3	1
2		fill in the blank 5	fill in the blank 6	2
3				3
4	31	fill in the blank 8	fill in the blank 9	4
5		fill in the blank 11	fill in the blank 12	5
6				6
7	31	fill in the blank 14	fill in the blank 15	7
8		fill in the blank 17	fill in the blank 18	8
9				9
10	31	fill in the blank 20	fill in the blank 21	10
11		fill in the blank 23	fill in the blank 24	11
12				12

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