Trial BalanceAdjusted Trial BalanceDebitCreditDebitCreditCash$ 5,4105,410Accounts Receivable.4,6006,300Supplies.900320Prepaid Insurance.1,8001,650Equipment..8,0008,000Accumulated Depreciation-$ 180Equipment.Accounts Payable.$ 5,4005,400Salaries and Wages Payable.400Share Capital-Ordinar.12,00012,000Dividends.600600Service Revenue.6,2007,900Maintenance and Repairs Expense. .290290Supplies Expense.580Depreciation Expense..180Insurance Expense.150Salaries and Wages Expense..2,0002,400$23,600$23,600$25,880$25,880The adjusting entries involve:A debit entry of 180 toand a credit entry to

Journal Entry - It is record of every business transaction over day to day life whether it is…

Trial Balance Adjusted Trial Balance Debit Credit Debit Credit Cash $ 5,410 5,410 Accounts Receivable... 4,600 6,300 Supplies. 900 320 Prepaid Insurance.. 1,800 1,650 Equipment. 8,000 8,000 Accumulated Depreciation- Equipment.. 2$ 180 Accounts Payable... $ 5,400 5,400 Salaries and Wages Payable.. 400 Share Capital-Ordinary. 12,000 12,000 Dividends.. 600 600 Service Revenue... 6,200 7,900 Maintenance and Repairs Expense . 290 290 Supplies Expense. Depreciation Expense. 580 180 Insurance Expense... 150 Salaries and Wages Expense.. 2,000 2,400 $23,600 $23,600 $25,880 $25,880 The adjusting entries involve: A debit entry of 180 to and a credit entry to

Trial Balance Adjusted Trial Balance Debit Credit Debit Credit Cash $ 5,410 5,410 Accounts Receivable... 4,600 6,300 Supplies. 900 320 Prepaid Insurance.. 1,800 1,650 Equipment. 8,000 8,000 Accumulated Depreciation- Equipment.. 2$ 180 Accounts Payable... $ 5,400 5,400 Salaries and Wages Payable.. 400 Share Capital-Ordinary. 12,000 12,000 Dividends.. 600 600 Service Revenue... 6,200 7,900 Maintenance and Repairs Expense . 290 290 Supplies Expense. Depreciation Expense. 580 180 Insurance Expense... 150 Salaries and Wages Expense.. 2,000 2,400 $23,600 $23,600 $25,880 $25,880 The adjusting entries involve: A debit entry of 180 to and a credit entry to

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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Question

Trial Balance
Adjusted Trial Balance
Debit
Credit
Debit
Credit
Cash
$ 5,410
5,410
Accounts Receivable.
4,600
6,300
Supplies.
900
320
Prepaid Insurance.
1,800
1,650
Equipment..
8,000
8,000
Accumulated Depreciation-
$ 180
Equipment.
Accounts Payable.
$ 5,400
5,400
Salaries and Wages Payable.
400
Share Capital-Ordinar.
12,000
12,000
Dividends.
600
600
Service Revenue.
6,200
7,900
Maintenance and Repairs Expense. .
290
290
Supplies Expense.
580
Depreciation Expense..
180
Insurance Expense.
150
Salaries and Wages Expense..
2,000
2,400
$23,600
$23,600
$25,880
$25,880
The adjusting entries involve:
A debit entry of 180 to
and a credit entry to

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