American Leaf Company Trial Balances October 31, 2019 Unadjusted Debit Adjusted Credit Balances Debit Balances Credit Balances Balances Cash ... 16 16 Accounts Receivable. 38 44 Supplies..... Prepaid Insurance 12 10 20 8. Land ... 26 26 Equipment.... Accumulated Depreciation-Equipment . Accounts Payable Wages Payable.. Les Huff, Capital Les Huff, Drawing 40 40 12 26 26 .... 2 92 92 8 Fees Earned... 74 80 Wages Expense Rent Expense . Insurance Expense 24 26 12 Utilities Expense 4 Depreciation Expense Supplies Expense.. Miscellaneous Expense 4 2 4 212 200 200 212 Journalize the five entries that adjusted the accounts at October 31, 2019. None of the accounts were affected by more than one adjusting entry.

Definition Definition Statement that shows the ending balance of all the ledger accounts of a firm at the end of the accounting period. The trial balance is prepared after all the entries have been posted to the ledger accounts and assists in preparing the final accounts of a firm.