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Problem #7 preparing Adjusting Entries from Unadjusted and Adjusted Trial Balance The following is a partial listing of the unadjusted and adjusted trial balances for Christine Gamba, the Property Manager. Unadjusted Adjusted Trial Balance Trial Balance Dr. Cr. Dr. Cr. Prepaid Insurance Office Supplies P 30,000 P 13,800 12,600 5,400 Interest Receivable 2,100 Building Accumulated Depreciation 1,560,000 1,560,000 P240,000 P280,000 Advances from Tenants 24,000 16,000 Rent Payable Salaries Payable Insurance Expense 40,000 18,000 16,200 Supplies Expense Depreciation Expense Salaries Expense 7,200 40,000 200,000 120,000 218,000 Rent Expense 160,000 Interest Revenues 2,100 Rent Revenues 8,000 Required: From the information given, reconstruct the adjusting entries.

Problem #7 preparing Adjusting Entries from Unadjusted and Adjusted Trial Balance The following is a partial listing of the unadjusted and adjusted trial balances for Christine Gamba, the Property Manager. Unadjusted Adjusted Trial Balance Trial Balance Dr. Cr. Dr. Cr. Prepaid Insurance Office Supplies P 30,000 P 13,800 12,600 5,400 Interest Receivable 2,100 Building Accumulated Depreciation 1,560,000 1,560,000 P240,000 P280,000 Advances from Tenants 24,000 16,000 Rent Payable Salaries Payable Insurance Expense 40,000 18,000 16,200 Supplies Expense Depreciation Expense Salaries Expense 7,200 40,000 200,000 120,000 218,000 Rent Expense 160,000 Interest Revenues 2,100 Rent Revenues 8,000 Required: From the information given, reconstruct the adjusting entries.

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter15: Preparing Adjusting Entries And A Trial Balance
Section15.4: Calculating Federal Income Tax
Problem 1OYO
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Preparing Adjusting Entries from Unadjusted and Adjusted Trial Balance Problem #7 preparing Adjusting Entries from Unadjusted and Adjusted Trial Balance The following is a partial listing of the unadjusted and adjusted trial balances for Christine Gamba, the Property Manager. Unadjusted Trial d Adjusted Balance Trial Balanceinsn Dr. Cr. Dr. Cr. Prepaid Insurance Office Supplies P 30,000 P 13,800 12,600 5,400 Interest Receivable 2,100 Building Accumulated Depreciation 1,560,000 1,560,000 P240,000 24,000 P280,000 Advances from Tenants 16,000 Rent Payable Salaries Payable Insurance Expense 40,000 18,000 16,200 Supplies Expense Depreciation Expense Salaries Expense 7,200 40,000 200,000 218,000 Rent Expense 120,000 160,000 Interest Revenues 2,100 Rent Revenues 8,000 Required: From the information given, reconstruct the adjusting entries.
Transcribed Image Text:Preparing Adjusting Entries from Unadjusted and Adjusted Trial Balance Problem #7 preparing Adjusting Entries from Unadjusted and Adjusted Trial Balance The following is a partial listing of the unadjusted and adjusted trial balances for Christine Gamba, the Property Manager. Unadjusted Trial d Adjusted Balance Trial Balanceinsn Dr. Cr. Dr. Cr. Prepaid Insurance Office Supplies P 30,000 P 13,800 12,600 5,400 Interest Receivable 2,100 Building Accumulated Depreciation 1,560,000 1,560,000 P240,000 24,000 P280,000 Advances from Tenants 16,000 Rent Payable Salaries Payable Insurance Expense 40,000 18,000 16,200 Supplies Expense Depreciation Expense Salaries Expense 7,200 40,000 200,000 218,000 Rent Expense 120,000 160,000 Interest Revenues 2,100 Rent Revenues 8,000 Required: From the information given, reconstruct the adjusting entries.
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