Homework Help is Here – Start Your Trial Now!
Business
Accounting
Data needed to determine the year-end adjustments are as follows: a. Unexpired insurance at July 31, P4,800.00. b. Supplies on hand at July 31, P600.00 c. Depreciation of building for the year, P3,100.00 d. Depreciation of equipment for the year, P2,700.00 e. Rent unearned at July 31, P1,750.00 I. Accrued salaries and wages at July 31, P3,000.00 g. Fees earned but unbilled on July 31, P10,750.00

Data needed to determine the year-end adjustments are as follows: a. Unexpired insurance at July 31, P4,800.00. b. Supplies on hand at July 31, P600.00 c. Depreciation of building for the year, P3,100.00 d. Depreciation of equipment for the year, P2,700.00 e. Rent unearned at July 31, P1,750.00 I. Accrued salaries and wages at July 31, P3,000.00 g. Fees earned but unbilled on July 31, P10,750.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Please make the Adjusting entries.

Trial Balance July 31,2012 Particulars Debit Credit Cash 7,500.00 |Account receivable 38,400.00 Prepaid insurance 7,200.00 Supplies 1,980.00 Land 112,500.00 Building Accumulated depreciation-Bldg 200,250.00 137,550.00 Equipment 135,300.00 Accumulated depreciation-Equipment Account payable 97,950.00 12,150.00 Unearned rent 6,750.00 M. C. Guevarra, Capital M.C. Guevarra, Drawing Fees earned 221,000.00 15,000.00 324,600.00 | Salaries and Wages Utilities expense Advertising expense Repairs expense Miscellaneous expense 193,370.00 42,375.00 22,800.00 17,250.00 6,075.00 800,000.00 800,000.00 Data needed to determine the year-end adjustments are as follows: a. Unexpired insurance at July 31, P4,800.00. | b. Supplies on hand at July 31, P600.00 c. Depreciation of building for the year, P3,100.00 d. Depreciation of equipment for the year, P2,700.00 e. Rent unearned at July 31, P1,750.00 f. Accrued salaries and wages at July 31, P3,000.00 |g. Fees earned but unbilled on July 31, P10,750.00
Transcribed Image Text:Trial Balance July 31,2012 Particulars Debit Credit Cash 7,500.00 |Account receivable 38,400.00 Prepaid insurance 7,200.00 Supplies 1,980.00 Land 112,500.00 Building Accumulated depreciation-Bldg 200,250.00 137,550.00 Equipment 135,300.00 Accumulated depreciation-Equipment Account payable 97,950.00 12,150.00 Unearned rent 6,750.00 M. C. Guevarra, Capital M.C. Guevarra, Drawing Fees earned 221,000.00 15,000.00 324,600.00 | Salaries and Wages Utilities expense Advertising expense Repairs expense Miscellaneous expense 193,370.00 42,375.00 22,800.00 17,250.00 6,075.00 800,000.00 800,000.00 Data needed to determine the year-end adjustments are as follows: a. Unexpired insurance at July 31, P4,800.00. | b. Supplies on hand at July 31, P600.00 c. Depreciation of building for the year, P3,100.00 d. Depreciation of equipment for the year, P2,700.00 e. Rent unearned at July 31, P1,750.00 f. Accrued salaries and wages at July 31, P3,000.00 |g. Fees earned but unbilled on July 31, P10,750.00
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS