Galant Theater Production Company unadjusted and adjusted trial balances atDecember 31, 2012, follow.
GALANT THEATER PRODUCTION COMPANY
Adjusted Trial Balance
31-Dec-12
Account Debit Credit Debit Credit
Cash $3,900 $3,900
Accounts receivable 6,100 6,900
Supplies 1,700 300
Prepaid insurance 2,700 2,100
Equipment 25,000 25,000
Accumulated depreciation $8,800 $13,200
Accounts payable 4,000 4,000
Salary payable 300
Galant, capital 20,300 20,300
Galant, drawing 30,500 30,500
Service revenue 71,000 71,800
Depreciation expense 4,400
Supplies expense 1,400
Utilities expense 4,700 4,700
Salary expense 29,500 29,800
Insurance expense 600
Total $104,100 $104,100 $109,600 $109,600
Requirement
1. Journalize the adjusting entries that account for the differences between the two
trial balances.