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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 |
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Yes, you make the adjustments that are stated. As this is homework please see this: Ask Me Help Desk - Announcements in Forum : Accounting |
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