The trial balances shown on page 208 are before and after adjustment for Amit Company at the end of its fiscal year.
|
AMIT COMPANY |
||||
|
Before |
After |
|||
|
Dr. |
Cr. |
Dr. |
Cr. |
|
|
Cash |
$10900 |
$10900 |
||
|
Accounts Receivable |
8800 |
9400 |
||
|
Supplies |
2500 |
500 |
||
|
Prepaid Insurance |
4000 |
2500 |
||
|
Equipment |
16000 |
16000 |
||
|
Accumulated Depreciation—Equipment |
$3600 |
$4800 |
||
|
Accounts Payable |
5800 |
5800 |
||
|
Salaries and Wages Payable |
0 |
1100 |
||
|
Unearned Rent Revenue |
1800 |
800 |
||
|
Common Stock |
10000 |
10000 |
||
|
Retained Earnings |
5500 |
5500 |
||
|
Dividends |
2800 |
2800 |
||
|
Service Revenue |
34000 |
34600 |
||
|
Rent Revenue |
12100 |
13100 |
||
|
Salaries and Wages Expense |
17000 |
18100 |
||
|
Supplies Expense |
0 |
2000 |
||
|
Rent Expense |
10800 |
10800 |
||
|
Insurance Expense |
0 |
1500 |
||
|
Depreciation Expense |
0 |
1200 |
||
|
$72800 |
$72800 |
$75700 |
$75700 |
|
Instructions
Prepare the adjusting entries that were made.