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Windsor Advertising Agency Inc. was founded in January 2020. Presented below are adjusted and unadjusted trial balances as at December 31, 2023. Cash Accounts receivable Supplies Prepaid insurance Windsor Advertising Agency Inc. Trial Balance December 31, 2023 Equipment Accumulated depreciation-equipment Accounts payable Accumulated depreciation-equipment Accounts payable Interest payable Notes payable Unearned revenue Salaries and wages payable Unadjusted Dr $10.340 18.800 7,900 3,150 56.400 DOPRAY Cr. $26,320 4,700 $26,320 4,700 0 6,000 6,580 Dr. Adjusted $10,340 22.090 2,820 2.350 56,400 Cr $31.020 4,700 3000 $31,020 4,700 600 6,000 5,260 Common shares Retained earnings Service revenue Salaries and wages expense Insurance expense Interest expense Salaries and wages expense Insurance expense Interest expense Depreciation expense Supplies expense Rent expense (a) 9,400 330 9,400 330 3,760 $110,080 9,400 2,000 55.080 $110.080 10,620 800 930 10,620 800 930 4,700 5,080 3,760 $119,890 9,400 2.000 59,690 $119,890 Journalize the annual adjusting entries that were made. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles

Windsor Advertising Agency Inc. was founded in January 2020. Presented below are adjusted and unadjusted trial balances as at December 31, 2023. Cash Accounts receivable Supplies Prepaid insurance Windsor Advertising Agency Inc. Trial Balance December 31, 2023 Equipment Accumulated depreciation-equipment Accounts payable Accumulated depreciation-equipment Accounts payable Interest payable Notes payable Unearned revenue Salaries and wages payable Unadjusted Dr $10.340 18.800 7,900 3,150 56.400 DOPRAY Cr. $26,320 4,700 $26,320 4,700 0 6,000 6,580 Dr. Adjusted $10,340 22.090 2,820 2.350 56,400 Cr $31.020 4,700 3000 $31,020 4,700 600 6,000 5,260 Common shares Retained earnings Service revenue Salaries and wages expense Insurance expense Interest expense Salaries and wages expense Insurance expense Interest expense Depreciation expense Supplies expense Rent expense (a) 9,400 330 9,400 330 3,760 $110,080 9,400 2,000 55.080 $110.080 10,620 800 930 10,620 800 930 4,700 5,080 3,760 $119,890 9,400 2.000 59,690 $119,890 Journalize the annual adjusting entries that were made. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter17: Advanced Issues In Revenue Recognition
Section: Chapter Questions
Problem 24E
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Windsor Advertising Agency Inc. was founded in January 2020. Presented below are adjusted and unadjusted trial balances as at December 31, 2023. Cash Windsor Advertising Agency Inc. Trial Balance December 31, 2023 Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Accounts payable Accumulated depreciation-equipment Accounts payable Interest payable Notes payable Unearned revenue Salaries and wages payable Dr Unadjusted $10,340 18,800 7,900 3,150 56.400 DOPROD Cr. $26.320 4,700 $26,320 4,700 0 6,000 6,580 0 Dr. Adjusted $10,340 22.090 2,820 2.350 56,400 Cr. $31,020 DOPRAY 4,700 $31,020 4,700 600 6,000 5,260 1.220 Common shares Retained earnings Service revenue Salaries and wages expense Insurance expense Interest expense Salaries and wages expense Insurance expense Interest expense Depreciation expense Supplies expense Rent expense (a) 9,400 330 9,400 330 3,760 $110,080 9,400 2,000 55,080 $110,080 10,620 800 930 10,620 800 930 4,700 5,080 3,760 $119,890 9,400 2,000 59,690 $119,890 Journalize the annual adjusting entries that were made. (List all debit entries before credit entries, Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
Transcribed Image Text:Windsor Advertising Agency Inc. was founded in January 2020. Presented below are adjusted and unadjusted trial balances as at December 31, 2023. Cash Windsor Advertising Agency Inc. Trial Balance December 31, 2023 Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Accounts payable Accumulated depreciation-equipment Accounts payable Interest payable Notes payable Unearned revenue Salaries and wages payable Dr Unadjusted $10,340 18,800 7,900 3,150 56.400 DOPROD Cr. $26.320 4,700 $26,320 4,700 0 6,000 6,580 0 Dr. Adjusted $10,340 22.090 2,820 2.350 56,400 Cr. $31,020 DOPRAY 4,700 $31,020 4,700 600 6,000 5,260 1.220 Common shares Retained earnings Service revenue Salaries and wages expense Insurance expense Interest expense Salaries and wages expense Insurance expense Interest expense Depreciation expense Supplies expense Rent expense (a) 9,400 330 9,400 330 3,760 $110,080 9,400 2,000 55,080 $110,080 10,620 800 930 10,620 800 930 4,700 5,080 3,760 $119,890 9,400 2,000 59,690 $119,890 Journalize the annual adjusting entries that were made. (List all debit entries before credit entries, Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
Date Account Titles and Explanation Dec. 31 Dec. 31 Dec. 31 Dec. 31 Dec. 31 (To accrue revenue earned) (To record revenue previously collected) (To accrue revenue earned) (To record revenue previously collected) (To record supplies used) Debit Credit Dec. 31 (To record depreciation expense) Dec. 31 Dec. 31 Dec. 31 (To accrue interest expense) (To record expired insurance) (To record salaries accrued owing to employees)
Transcribed Image Text:Date Account Titles and Explanation Dec. 31 Dec. 31 Dec. 31 Dec. 31 Dec. 31 (To accrue revenue earned) (To record revenue previously collected) (To accrue revenue earned) (To record revenue previously collected) (To record supplies used) Debit Credit Dec. 31 (To record depreciation expense) Dec. 31 Dec. 31 Dec. 31 (To accrue interest expense) (To record expired insurance) (To record salaries accrued owing to employees)
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