[mnlc72]

.I need the adjusted entries, general journal, and the adjusted trial balance. My email is [email protected]... I have them all started but need some direction if someone could please help out



MASASI COMPANY, INC.
Trial Balance
June 30, 2008
Account Number Debit Credit
101 Cash $ 7,150
112 Accounts Receivable 6,000
126 Supplies 2,000
130 Prepaid Insurance 3,000
157 Office Equipment 15,000
201 Accounts Payable $ 4,500
209 Unearned Service Revenue 4,000
311 Common Stock 21,750
400 Service Revenue 7,900
726 Salaries Expense 4,000
729 Rent Expense 1,000
$38,150 $38,150
In addition to those accounts listed on the trial balance, the chart of accounts for Masasi Company,
Inc. Also contains the following accounts and account numbers:No. 158 Accumulated Depreciation--
Office Equipment, No. 212 Salaries Payable,No. 244 Utilities Payable,No. 631 Supplies Expense,
No. 711 Depreciation Expense,No. 722 Insurance Expense, and No. 732 Utilities Expense.
Other data:
1. Supplies on hand at June 30 are $600.
2. A utility bill for $150 has not been recorded and will not be paid until next month.
3. The insurance policy is for a year.
4. $2,500 of unearned service revenue has been earned at the end of the month.
5. Salaries of $2,000 are accrued at June 30.
6. The office equipment has a 5-year life with no salvage value. It is being depreciated at $250
Per month for 60 months.
7. Invoices representing $1,000 of services performed during the month have not been recorded

[pready]

First you need to set up a trial balance for all of your accounts as well as their balances.

Next you have to do adjusting entries:
1. Your Supplies account balance is $2,000 while your actual balance is $600 so the difference between these to amaounts is Supplies that have been used so you need to do an adjusting entry to get your account balance to agree with your actual balance.

2. You need to do an adjusting entry to record this bill.

3. You need to do an adjusting entry to record the amount of Prepaid Insurance that has been used during the period. Hint 6 months of insurance has been used.

4. You need to do an adjusting entry to record the Unearned Revenue that was used during the period.

5. You need to do an adjusting entry to record your accrued salaries for the period. Hint: Salaries that were earned, but not yet paid.

6. You need to do an adjusting entry to record your depreciation for the period. Hint: You have 6 months to record.

7. You need to do an adjusting entry to record your revenues that were earned during the perid. Hint: you did the work or provided a service, but have not been paid yet.

Finally you need to do an adjusted trial balance.

Note: It is best to set-up a Worksheet for this. I have attached a sample Worksheet in Excel 97-2003 to show what trial balance, adjustments, and an adjusted trial balance should look like.