Three years ago. Joy organized Jonathan Realty. At July 31. 2020, the end of the current year, the unadjusted trial balance of Jonathan Realty appears as shown below. Journal worksheet. Jonathan Realty Unadjusted Trial Balance July 31, 2020 3,425 7.000 1.270 620 51,650 Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Accumulated Depreciation- Office Equipment Accounts Payable Wages Payable Unearmed Fees Jonathan. Capitại Jonathan, Drawing Fees Earned Wages Experse Depreciation Expense Rent Expense Ufties Expense Supplies Expense Insurance Expense Miscellaneous Expense 9.700 925 1.250 29.000 5.200 59,125 22.415 4,200 2.715 1,505 100.000 100.000 The data needed to determine year-end adjustments are as follows: a. Supplies on hand at July 31, 2020, P380. b. Insurance premiums expired during the year. P315. C Depreciation of equipment during the year end, P4,950. d. Wages accrued but not pald at July 31, 2020, P440. e. Accrued fees eamed but not recorded at July 31, 2020, P1,000, Unegmed fees on July 31,2020, P75O.
Three years ago. Joy organized Jonathan Realty. At July 31. 2020, the end of the current year, the unadjusted trial balance of Jonathan Realty appears as shown below. Journal worksheet. Jonathan Realty Unadjusted Trial Balance July 31, 2020 3,425 7.000 1.270 620 51,650 Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Accumulated Depreciation- Office Equipment Accounts Payable Wages Payable Unearmed Fees Jonathan. Capitại Jonathan, Drawing Fees Earned Wages Experse Depreciation Expense Rent Expense Ufties Expense Supplies Expense Insurance Expense Miscellaneous Expense 9.700 925 1.250 29.000 5.200 59,125 22.415 4,200 2.715 1,505 100.000 100.000 The data needed to determine year-end adjustments are as follows: a. Supplies on hand at July 31, 2020, P380. b. Insurance premiums expired during the year. P315. C Depreciation of equipment during the year end, P4,950. d. Wages accrued but not pald at July 31, 2020, P440. e. Accrued fees eamed but not recorded at July 31, 2020, P1,000, Unegmed fees on July 31,2020, P75O.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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