Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Adjusting accounting (https://www.askmehelpdesk.com/showthread.php?t=312429)

  • Feb 3, 2009, 10:08 AM
    derenda
    Adjusting accounting
    If I have a trail balance for DEc31 reading
    Cash dr 4000
    Prepaid insurance reading Dr.1600
    Supplies Dr.2100
    Equipment dr.20000
    Accumlated depreciation equip cr.2000
    c. large capital cr19000
    c.large wthdrawals dr.2000
    Revenue cr.33000
    Salaries expense dr.18000
    Rent expense dr.6000
    Total 54000 54000
    Additional information expired insurance 600 so would I subtract that from 1600
    Unused supplies per inventory 800 do I add that
    Estimated depreciation 1000 do I add that
    Earned but unpaid salaries 700 do I add that
    What I'm doing is trying to perpare adjusting entries
  • Feb 3, 2009, 11:38 AM
    codyman144

    Yes, you make the adjustments that are stated.

    As this is homework please see this:

    Ask Me Help Desk - Announcements in Forum : Accounting

  • All times are GMT -7. The time now is 02:18 AM.