Prepare adjusting trial balance

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Prepare adjusting trial balance 

Rozel Design
Trial Balance
December 30,2020
Cash
91 826
Inventory
15 995
Supplies
6 000
Buildings
70 000
Account Payable
103 000
Owner Capital
100 000
Equipment
800
Prepaid Insurance
600
Vehicle
30 000
Sales Revenue
85 600
Sales Discounts
659
Service Revenue
880
Cost of Goods Sold
62 400
Rent Expense
3 000
Salaries and Wages Expense
4 800
Utilities Expense
3 150
Utilities payable
350
Advertising Expense
600
289 830
289 830
Rozel Design
Adjusting Entries
Date
Account title
Debit
Credit
Dec 31
Salaries and wages expense
500
Salaries and wages payable
500
Dec 31 | Supplies expense
3 500
Supplies
3 500
Dec 31
Depreciation expense
200
Accumulated depreciation -
200
equipment
Dec 31
Account receivable
650
Services revenue
650
Dec 31
Insurance expense
50
Prepaid insurance
50
Transcribed Image Text:Rozel Design Trial Balance December 30,2020 Cash 91 826 Inventory 15 995 Supplies 6 000 Buildings 70 000 Account Payable 103 000 Owner Capital 100 000 Equipment 800 Prepaid Insurance 600 Vehicle 30 000 Sales Revenue 85 600 Sales Discounts 659 Service Revenue 880 Cost of Goods Sold 62 400 Rent Expense 3 000 Salaries and Wages Expense 4 800 Utilities Expense 3 150 Utilities payable 350 Advertising Expense 600 289 830 289 830 Rozel Design Adjusting Entries Date Account title Debit Credit Dec 31 Salaries and wages expense 500 Salaries and wages payable 500 Dec 31 | Supplies expense 3 500 Supplies 3 500 Dec 31 Depreciation expense 200 Accumulated depreciation - 200 equipment Dec 31 Account receivable 650 Services revenue 650 Dec 31 Insurance expense 50 Prepaid insurance 50
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