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Unadjusted Trial Balance Adjusting Enties Adjusted Trial Balance Comprehensive Income (SCI) Debit Financial Position Adjusting Entries 1 Insurance Expense Prepaid Insurance 2 Bad Debts Expense Allowance for Bad Debts 3 Supplies Expense Supplies 4 Depreciation Expense Accumulated Depreciation-DE (SFP) Debit Credit 500 Debit Credit Debit Credit Debit Credit Credit Debit Credit Cash 798,983.00 500.00 798,483.00 00 sccounts Receivable 97,500.00 975 allowance for Bad Debts ferchandise Inventory 975.00 975 23,000.00 1000 4,250.00 upplies repaid Insurance 1,000.00 1000 6,000 00 500.00 2083 elivery Equipment accumulated Depreciation-DE 250,000.00 2083 2,083.00 ccounts Payable 256,000.00 5 Credit Card Fee 500 ales Tax Payable 2,814.00 50 Cash teve Senior, Capital 250,000.00 5058 5058 teve Senior, Drawing 1,200.00 ncome Summary ales 682.619.00 advertising Expense 2,100.00 Credit Card Fee Expense 500.00 nsurance Expense 1,200.00 500.00 fiscellaneous Expense 800.00 Cent Expense 4,200.00 upplies Expense tilities Expense 1,200.00 1,000.00 1,000.00 Fotal 1.191.433.00l1.191.433.0o

Unadjusted Trial Balance Adjusting Enties Adjusted Trial Balance Comprehensive Income (SCI) Debit Financial Position Adjusting Entries 1 Insurance Expense Prepaid Insurance 2 Bad Debts Expense Allowance for Bad Debts 3 Supplies Expense Supplies 4 Depreciation Expense Accumulated Depreciation-DE (SFP) Debit Credit 500 Debit Credit Debit Credit Debit Credit Credit Debit Credit Cash 798,983.00 500.00 798,483.00 00 sccounts Receivable 97,500.00 975 allowance for Bad Debts ferchandise Inventory 975.00 975 23,000.00 1000 4,250.00 upplies repaid Insurance 1,000.00 1000 6,000 00 500.00 2083 elivery Equipment accumulated Depreciation-DE 250,000.00 2083 2,083.00 ccounts Payable 256,000.00 5 Credit Card Fee 500 ales Tax Payable 2,814.00 50 Cash teve Senior, Capital 250,000.00 5058 5058 teve Senior, Drawing 1,200.00 ncome Summary ales 682.619.00 advertising Expense 2,100.00 Credit Card Fee Expense 500.00 nsurance Expense 1,200.00 500.00 fiscellaneous Expense 800.00 Cent Expense 4,200.00 upplies Expense tilities Expense 1,200.00 1,000.00 1,000.00 Fotal 1.191.433.00l1.191.433.0o

FINANCIAL ACCOUNTING
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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For the month ended September 30, 2021 Statement of Comprehensive Income (SCI) Statement of Financial Position Unadjusted Trial Balance Adjusting Enties Adjusted Trial Balance Adjusting Entries 1 Insurance Expense (SFP) Debit Credit Debit 798,983.00 Credit Debit Debit Credit Credit Debit Credit Debit Credit 500 Cash 500.00 798,483.00 Prepaid Insurance 500 97,500.00 2 Bad Debts Expense Accounts Receivable 975 Allowance for Bad Debts 975.00 Allowance for Bad Debts 975 Merchandise Inventory 3 Supplies Expense 23.000.00 1000 Supplies 4,250.00 1,000.00 Supplies 4 Depreciation Expense Accumulated Depreciation-DE 1000 Prepaid Insurance Delivery Equipment 6,000.00 500.00 2083 250,000.00 2083 Accumulated Depreciation-DE 2,083.00 Accounts Payable 256,000.00 5 Credit Card Fee 500 Sales Tax Payable 2,814.00 Cash 500 Steve Senior, Capital 250.000.00 5058 5058 Steve Senior, Drawing 1,200.00 Income Summary Sales 682,619.00 Advertising Expense 2,100.00 Credit Card Fee Expense 500.00 Insurance Expense Miscellaneous Expense 1,200.00 500.00 800.00 Rent Expense 4,200.00 Supplies Expense Utilities Expense 1,200.00 1,000.00 1,000.00 Total 1,191,433.00 1,191,433.00 Bad Debts Wxpense Depreciation Expense 975.00 2,083.00 5,058.00 5,058.00 Total
Transcribed Image Text:For the month ended September 30, 2021 Statement of Comprehensive Income (SCI) Statement of Financial Position Unadjusted Trial Balance Adjusting Enties Adjusted Trial Balance Adjusting Entries 1 Insurance Expense (SFP) Debit Credit Debit 798,983.00 Credit Debit Debit Credit Credit Debit Credit Debit Credit 500 Cash 500.00 798,483.00 Prepaid Insurance 500 97,500.00 2 Bad Debts Expense Accounts Receivable 975 Allowance for Bad Debts 975.00 Allowance for Bad Debts 975 Merchandise Inventory 3 Supplies Expense 23.000.00 1000 Supplies 4,250.00 1,000.00 Supplies 4 Depreciation Expense Accumulated Depreciation-DE 1000 Prepaid Insurance Delivery Equipment 6,000.00 500.00 2083 250,000.00 2083 Accumulated Depreciation-DE 2,083.00 Accounts Payable 256,000.00 5 Credit Card Fee 500 Sales Tax Payable 2,814.00 Cash 500 Steve Senior, Capital 250.000.00 5058 5058 Steve Senior, Drawing 1,200.00 Income Summary Sales 682,619.00 Advertising Expense 2,100.00 Credit Card Fee Expense 500.00 Insurance Expense Miscellaneous Expense 1,200.00 500.00 800.00 Rent Expense 4,200.00 Supplies Expense Utilities Expense 1,200.00 1,000.00 1,000.00 Total 1,191,433.00 1,191,433.00 Bad Debts Wxpense Depreciation Expense 975.00 2,083.00 5,058.00 5,058.00 Total
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