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The following trial balances are before and after adjustment for Sandhill Company at the end of its fiscal year. SANDHILL COMPANY Trial Balance August 31, 2025 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,850 $10,850 Accounts Receivable 9,450 10,180 Supplies 2,850 1,740 Prepaid Insurance 4,450 3,000 Equipment 15,000 15,000 Accumulated Depreciation-Equipment $3,375 $4,575 Accounts Payable 5,440 5,440 Salaries and Wages Payable 0 1,360 Unearned Rent Revenue 1,800 940 Common Stock 15,730 15,730 Retained Earnings 5,740 5,740 Dividends 2,820 2,820 Service Revenue 34,000 34,730 Rent Revenue 12,780 13,640 Salaries and Wages Expense 16,660 18,020 Supplies Expense 0 1,110 Rent Expense 16,785 16,785 Insurance Expense 0 1,450 Depreciation Expense 0 1,200 $78,865 $78,865 $82,155 $82,155 Prepare the adjusting entries that were made. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Aug. 31 Aug. 31 Aug. 31 Aug. 31 Aug. 31 Aug. 31 (To record the service revenue) (To record the supplies expense) (To record the insurance expense) (To record depreciation expense) (To record salaries and wages expense) (To record rent revenue) eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer

The following trial balances are before and after adjustment for Sandhill Company at the end of its fiscal year. SANDHILL COMPANY Trial Balance August 31, 2025 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,850 $10,850 Accounts Receivable 9,450 10,180 Supplies 2,850 1,740 Prepaid Insurance 4,450 3,000 Equipment 15,000 15,000 Accumulated Depreciation-Equipment $3,375 $4,575 Accounts Payable 5,440 5,440 Salaries and Wages Payable 0 1,360 Unearned Rent Revenue 1,800 940 Common Stock 15,730 15,730 Retained Earnings 5,740 5,740 Dividends 2,820 2,820 Service Revenue 34,000 34,730 Rent Revenue 12,780 13,640 Salaries and Wages Expense 16,660 18,020 Supplies Expense 0 1,110 Rent Expense 16,785 16,785 Insurance Expense 0 1,450 Depreciation Expense 0 1,200 $78,865 $78,865 $82,155 $82,155 Prepare the adjusting entries that were made. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Aug. 31 Aug. 31 Aug. 31 Aug. 31 Aug. 31 Aug. 31 (To record the service revenue) (To record the supplies expense) (To record the insurance expense) (To record depreciation expense) (To record salaries and wages expense) (To record rent revenue) eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter14: Accounting For Uncollectible Accounts Receivable
Section: Chapter Questions
Problem 1AP
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The following trial balances are before and after adjustment for Sandhill Company at the end of its fiscal year. SANDHILL COMPANY Trial Balance August 31, 2025 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,850 $10,850 Accounts Receivable 9,450 10,180 Supplies 2,850 1,740 Prepaid Insurance 4,450 3,000 Equipment 15,000 15,000 Accumulated Depreciation-Equipment $3,375 $4,575 Accounts Payable 5,440 5,440 Salaries and Wages Payable 0 1,360 Unearned Rent Revenue 1,800 940 Common Stock 15,730 15,730 Retained Earnings 5,740 5,740 Dividends 2,820 2,820 Service Revenue 34,000 34,730 Rent Revenue 12,780 13,640 Salaries and Wages Expense 16,660 18,020 Supplies Expense 0 1,110 Rent Expense 16,785 16,785 Insurance Expense 0 1,450 Depreciation Expense 0 1,200 $78,865 $78,865 $82,155 $82,155 Prepare the adjusting entries that were made. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Aug. 31 Aug. 31 Aug. 31 Aug. 31 Aug. 31 Aug. 31 (To record the service revenue) (To record the supplies expense) (To record the insurance expense) (To record depreciation expense) (To record salaries and wages expense) (To record rent revenue) eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer
Transcribed Image Text:The following trial balances are before and after adjustment for Sandhill Company at the end of its fiscal year. SANDHILL COMPANY Trial Balance August 31, 2025 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,850 $10,850 Accounts Receivable 9,450 10,180 Supplies 2,850 1,740 Prepaid Insurance 4,450 3,000 Equipment 15,000 15,000 Accumulated Depreciation-Equipment $3,375 $4,575 Accounts Payable 5,440 5,440 Salaries and Wages Payable 0 1,360 Unearned Rent Revenue 1,800 940 Common Stock 15,730 15,730 Retained Earnings 5,740 5,740 Dividends 2,820 2,820 Service Revenue 34,000 34,730 Rent Revenue 12,780 13,640 Salaries and Wages Expense 16,660 18,020 Supplies Expense 0 1,110 Rent Expense 16,785 16,785 Insurance Expense 0 1,450 Depreciation Expense 0 1,200 $78,865 $78,865 $82,155 $82,155 Prepare the adjusting entries that were made. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Aug. 31 Aug. 31 Aug. 31 Aug. 31 Aug. 31 Aug. 31 (To record the service revenue) (To record the supplies expense) (To record the insurance expense) (To record depreciation expense) (To record salaries and wages expense) (To record rent revenue) eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer
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