B c | D E F G 1 Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 4. Unadusted Adusted Adjustments Cr. Trial Balance Trial Balance 6 Account Title Dr. Cr. Dr. Dr. Cr. 12 90 8 12 8 Cash 9 Accounts Receivable 10 Supplies 11 Prepaid Insurance 12 Land 13 Equipment 14 Accum. Depr-Equipment 15 Accounts Payable 16 Wages Payable 17 Common Stock 18 Retained Earnings 19 Dividends 20 Fees Eamed 21 Wages Expense 22 Rent Expense 23 Insurance Expense 24 Utes Expense 25 Supplies Expense 26 Depreciation Epense-Equip. 27 Miscelaneous Expense 28 190 50 36 50 210 200 110 12 6. 2 200 29 Th E end foll

INSTRUCTIONS: (1) Complete the adjustments section of the worksheet [WS]. Use the following information regarding unadjusted items. (a) On September 30, the firm received its utilities bill for the month of September amounting to P14,300. This remains to be unpaid at month-end. Record an adjustment for the utilities for the month of September. Accrued Expense (b) On September 21, the firm received a 6% 90-day note for money lent to Ling Ying Wei amounting to P400,000. The remainder of the amount pertains to a 12-month 9% promissory note received on May 1, 2021. Record an adjustment for the accrued interest from both notes for the month of September. Accrued Income (c) On September 30, an inventory of Warehouse Supplies and Office Supplies showed that items costing P127,000 and P12,000 were on hand respectively. Record an adjustment for the supplies used in September. Prepaid Expense (d) On July 1, 2021, the firm purchased a six-month insurance policy for P232,000. Record an…

T accounts, adjusting entries, financial statements, and closing entries; optional end-of-period spreadsheetThe unadjusted trial balance of Epicenter Laundry at June 30, 2018, the end of the fiscal year, follows: The data needed to determine year-end adjustments are as follows:(A) Laundry supplies on hand at June 30 are $3,600.(B) Insurance premiums expired during the year are $5,700.(C) Depreciation of laundry equipment during the year is $6,500.(D) Wages accrued but not paid at June 30 are $1,100.Instructions1. For each account listed in the unadjusted trial balance, enter the balance in a T account.Identify the balance as “June 30 Bal.” In addition, add T accounts for Wages Payable, Depreciation Expense, Laundry Supplies Expense, Insurance Expense, and Income Summary.2. (Optional) Enter the unadjusted trial balance on an end-of-period spreadsheet and completethe spreadsheet. Add the accounts listed in part (1) as needed.3. Journalize and post the adjusting entries. Identify the…

Adjustment for Insurance On December 1, a six-month liability insurance policy was purchased for $900. Analyze the required adjustment as of December 31 using T accounts, and then formally enter this adjustment in the general journal. (Trial balance is abbreviated as TB.) (Balance Sheet)Prepaid Insurance   fill in the blank a8cfc50a8015fe0_2   fill in the blank a8cfc50a8015fe0_4 Bal. fill in the blank a8cfc50a8015fe0_5     (Income Statement)Insurance Expense Adj. fill in the blank a8cfc50a8015fe0_6       Page:     DATE ACCOUNT TITLE DOC.NO. POST.REF. DEBIT CREDIT   1 20--Dec. 31       fill in the blank 59564e01b03df92_2 fill in the blank 59564e01b03df92_3 1 2         fill in the blank 59564e01b03df92_5 fill in the blank 59564e01b03df92_6 2

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What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment, $18680, and unexpired amounts per analysis of policies of $6100? O Debit Insurance Expense, $12580; Credit Prepaid Insurance, $12580. O Debit Insurance Expense, $6100; Credit Prepaid Insurance, $6100. O Debit Insurance Expense, $18680; Credit Prepaid Insurance, $18680. O Debit Prepaid Insurance, $12580; Credit Insurance Expense, $12580.

Adjusting Entries and Financial StatementsThe unadjusted trial balance for Mitchell Pharmacy appears below. The following information is available at year end for adjustments:a. An analysis of insurance policies indicates that $2,1800 of the prepaid insurance is coverage for 2020.b. Depreciation expense for 2019 is $10,130.c. Four months' interest at 10% is owed but unrecorded and unpaid on the note payable.d. Wages of $4,950 are owed but unpaid and unrecorded at December 31.e. Income taxes of $11,370 are owed but unrecorded and unpaid at December 31.Required:1. Prepare the adjusting entries.2. Prepare an income statement, a retained earnings statement, and a balance sheet using adjusted account balances.3. CONCEPTUAL CONNECTION Why would you not want to prepare financial statements until after the adjusting entries are made?

Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. A. supplies actual count at year end, $6,500 B. remaining unexpired insurance, $6,000 C. remaining unearned service revenue, $1,200 D. salaries owed to employees, $2,400 E. depreciation on property plant and equipment, $18,000

Please prepare Journal Entries & T Accts for: 2019                           December   Adjusting Entries   Amount o.   One month of the prepaid insurance has expired.             $170 p.   The December portion of the rent paid on December 1 has expired.         $900 q.   Counted supplies and found this amount still on hand (recorded the amount used as an expense)   $100 r.   The amount collected in transaction m is unearned at December 31.         $2,000 s.   Three days of wages for December 29, 30, and 31 are unpaid. These will be paid in January.                       $2,900 t.   One month of depreciation needs to be recorded. Estimated useful life of truck in years is: 361.111   3 u.   Income taxes expense to be paid in the next fiscal year.           $100