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tylermdons
tylermdons
26.08.2020 • 
Business

Account Trial Balance Debit Credit 8,300 6,800 Adjusted Trial Balance Debit Credit $ 8,300 6,850 800 4,300 1,000 4,300 1.900 Cash Accounts receivable Interest receivable Note receivable Supplies Prepaid insurance Building Accumulated depreciation building Accounts payable Wages payable Unearned rental revenue 2,200 66,700 600 66,700 $ 9,700 6,300 11,600 6,300 850 600 19,000 Common stock Retained earnings Dividends 1,400 19,000 43,800 43,800 4,000 4,000 Rental revenue 15,600 800 16,450 1,600 Interest revenue Depreciation expense-building Supplies expense Utilities expense Wage expense Property tax expense 1,900 900 400 400 1,100 900 1,950 900 1,600 Insurance expense $ 96,600 $ 96,600 $ 100,200 $ 100,200 Total Requirement 1. Make the adjusting entries that account for the differences between the two trial balances. (Record debits first, then credits. Exclude explanations from any journal entries.) The first difference occurs in the Accounts Receivable account. Record the adjustment to Accounts Receivable and the related account. Journal Entry Accounts Debit Credit Date Jun 30 The second difference occurs in the Interest Receivable account. Record the adjustment to Interest Receivable and the related account. Journal Entry Accounts Debit Credit Date Jun 30 The third difference occurs in the Supplies account. Record the adjustment to Supplies and the related account. Journal Entry Date Accounts Debit Credit Jun 30 The fourth difference occurs in the Prepaid Insurance account. Record the adjustment to Prepaid Insurance and the related account. Journal Entry Accounts Debit Credit Date Jun 30 L The fifth difference occurs in the Accumulated Depreciation-Building account. Record the adjustment to Accumulated Depreciation-Building and the related account. Journal Entry Date Accounts Debit Credit Jun 30 The sixth difference occurs in the Wages Payable account. Record the adjustment to Wages Payable and the related account. Journal Entry Acount Accounts Date Debit Credit Jun 30 The seventh difference occurs in the Unearned Rental Revenue account. Record the adjustment to Unearned Rental Revenue and the related account. Journal Entry Accounts Debit Credit Date Jun 30 Requirement 2. Compute Anderson's total assets, total liabilities, net income, and total equity Total Assets Total Liabilities. Net Income Total Equity

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