JOURNALACCOUNTING EQUATION DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1 Adjusting Entries 2 3 4 5 6 7 8 9 10 11 1 Cash2 Accounts Receivable3 Supplies4Equipment5 Accounts Payable6 Unearned Fees7 Common Stock8 Retained Earnings9 Dividends10 Fees Earned11 Wages Expense12Pont EynoncoReliable Repairs & ServiceUNADJUSTED TRIAL BALANCENovember 30, 20Y3ACCOUNT TITLEDEBIT10,310.0067,890.0016,150.00111,740.0013,880.0094,230.0072 460.00CREDIT16,080.0018,280.0010,500.00102,320.00299,210.00 10 Fees Earned11 Wages Expense12 Rent Expense13 Utilities Expense14 Miscellaneous Expense15 Totals94,230.0072,460.0051,660.008,070.00446,390.00For preparing the adjusting entries, the following data were assembled:●299,210.00446,390.00Fees earned but unbilled on November 30 were $9,970.Supplies on hand on November 30 were $4,550.Depreciation of equipment was estimated to be $6,090 for the year.The balance in unearned fees represented the November 1 receipt in advance for services to be provided. During November,$15,260 of the services were provided.Unpaid Wages accrued on November 30 were $4,780.

Solution A journal is the book in which Transactions are recorded in chronological order. Every…

1 Cash 2 Accounts Receivable 3 Supplies 4 Equipment 5 Accounts Payable 6 Unearned Fees 7 Common Stock 8 Retained Earnings 9 Dividends 10 Fees Earned 11 Wages Expense 12 Pont Eynonco Reliable Repairs & Service UNADJUSTED TRIAL BALANCE November 30, 20Y3 ACCOUNT TITLE DEBIT 10,310.00 67,890.00 16,150.00 111,740.00 13,880.00 94,230.00 72 460.00 CREDIT 16,080.00 18,280.00 10,500.00 102,320.00 299,210.00

1 Cash 2 Accounts Receivable 3 Supplies 4 Equipment 5 Accounts Payable 6 Unearned Fees 7 Common Stock 8 Retained Earnings 9 Dividends 10 Fees Earned 11 Wages Expense 12 Pont Eynonco Reliable Repairs & Service UNADJUSTED TRIAL BALANCE November 30, 20Y3 ACCOUNT TITLE DEBIT 10,310.00 67,890.00 16,150.00 111,740.00 13,880.00 94,230.00 72 460.00 CREDIT 16,080.00 18,280.00 10,500.00 102,320.00 299,210.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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