The trial balances before and after adjustment for Frinzi Company at the end of its fiscal year are presented below.
|
PRINZ! COMPANY Trial Balance August 31, 2014 |
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|
Cash Accounts Receivable Supplies Prepaid Insurance Equipment |
Before |
After |
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|
$10,400 8,800 2,300 4,000 14,000 |
$10,400 |
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|
Accumulated Depreciation-Equipment |
$ 3,600 |
$ 4,500 |
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|
Accounts Payable |
5,800 |
5,800 |
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|
Salaries and Wages Payable |
-0- |
1,100 |
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|
Unearned Rent Revenue |
1,500 |
600 |
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|
Owner’s Capital |
15,600 |
15,600 |
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|
Service Revenue |
34,000 |
36,000 |
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|
Rent Revenue |
11,000 |
11,900 |
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|
Salaries and Wages Expense |
17,000 |
18,100 |
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|
Supplies Expense |
-0- |
1,400 |
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|
Rent Expense |
15,000 |
15,000 |
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|
Insurance Expense |
-0- |
1,500 |
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|
Depreciation Expense |
-0- |
900 |
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|
$71,500 |
$71,500 |
$75,500 |
$75,500 |
|
Instructions
Prepare the adjusting entries that were made.