FINANCIAL ACCOUNTING
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Author: Libby
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Transcribed Image Text:Journalize Adjusting Entries for a Merchandising Business
The following partial spreadsheet is taken from the books of Vinnie's Vegetable Market, for the year ended December 31, 20--.
Vinnie's Vegetable Market
End-of-Period Spreadsheet (Partial)
For Year Ended December 31, 20--
TRIAL BALANCE
ADJUSTMENTS
ACCOUNT TITLE
DEBIT
CREDIT
DEBIT
CREDIT
Merchandise Inventory
47,000.00
(b) 49,000.00
(a) 47,000.00
Supplies
12,000.00
(d) 6,900.00
Building
72,000.00
Accum. Depr.-Building
18,000.00
(e) 6,000.00
Wages Payable
(f) 1,200.00
Unearned Membership Fees
4,000.00
(c) 3,000.00
Income Summary
(a) 47,000.00
(b) 49,000.00
Membership Fees
21,000.00
(с) 3,000.00
Wages Expense
37,000.00
(f) 1,200.00
Supplies Expense
(d) 6,900.00
Depr. Expense-Building
(e) 6,000.00
113,100.00
113,100.00
Transcribed Image Text:DOC. POST.
DATE
ACCOUNT TITLE
DEBIT
CREDIT
NO.
REF.
20--
1
Dec. 31
1
3
4
Dec. 31
4
5
5
6.
7
Dec. 31
7
8
8.
9
9.
10 Dec. 31
10
11
11
12
12
13 Dec. 31
13
14
14
15
15
16 Dec. 31
16
17
17
00
00
00
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