9.Journalize the six entries to adjust the accounts at December 31. (Hint: One of the accounts was affected by two different adjusting entries).
|
Unadjusted |
Adjusted |
|||
|
Debit |
Credit Balances |
Debit |
Credit Balances |
|
|
Cash |
5,000 |
5,000 |
||
|
Accounts Receivable |
32,000 |
32,600 |
||
|
Supplies |
3,600 |
100 |
||
|
Prepaid Insurance |
4,000 |
1,400 |
||
|
Equipment |
11,000 |
11,000 |
||
|
Accumulated Depreciation |
1,700 |
|||
|
Wages Payable |
2,000 |
|||
|
Unearned Fees |
8,900 |
3,500 |
||
|
Ann Cole, Capital |
22,000 |
22,000 |
||
|
Fees Earned |
69,000 |
75,000 |
||
|
Wages Expense |
44,300 |
46,300 |
||
|
Supplies Expense |
3,500 |
|||
|
Insurance Expense |
2,600 |
|||
|
Depreciation Expense |
1,700 |
|||
|
Total |
99,900 |
99,900 |
104,200 |
104,200 |