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    twenti4karatz's Avatar
    twenti4karatz Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 22, 2007, 06:43 PM
    Adjusting entires
    Trial Balance
    December 31, 20X2

    Account Title:
    Office Supplies $6375.00 (DR)
    Photo Supplies $11630.00 (DR)
    Prepaid Insurance $3720.00 (DR)
    Office Equipment $25000.00(DR)
    Accumalated Depreciation -Office Equip. $5000.00 (CR)
    Photo Equipment $40000.00 (DR)
    Accumalted Decpreciation - Photo Equip $12000.00 (CR)
    Salaries Payable---
    Office Supplies Expense---
    Photo Supplies Expense---
    Insurane Expense---
    Salaries Expense---
    Depreciation Expense-Office Equip. ---
    Depreciation Expense -Photo Equip.---

    Adjustment Data:
    (a) office supplies on hand, $5,010.
    (b) Photo supplies on hand, $2,610.
    (c) insurance expired during the year, $1,440.
    (d) Depreciation of office equipment during the year, $2,500.
    (e) Depreciation of photo equipment during the year, $4,000.
    (f) Salaries unpaid at the end of the year, $2,000.


    please help
    bunnyKutty's Avatar
    bunnyKutty Posts: 60, Reputation: 5
    Junior Member
    		  
    #2

    Apr 23, 2007, 08:08 PM
    Quote Originally Posted by twenti4karatz
    Trial Balance
    December 31, 20X2

    Account Title:
    Office Supplies $6375.00 (DR)
    Photo Supplies $11630.00 (DR)
    Prepaid Insurance $3720.00 (DR)
    Office Equipment $25000.00(DR)
    Accumalated Depreciation -Office Equip. $5000.00 (CR)
    Photo Equipment $40000.00 (DR)
    Accumalted Decpreciation - Photo Equip $12000.00 (CR)
    Salaries Payable---
    Office Supplies Expense---
    Photo Supplies Expense---
    Insurane Expense---
    Salaries Expense---
    Depreciation Expense-Office Equip. ---
    Depreciation Expense -Photo Equip.---

    Adjustment Data:
    (a) office supplies on hand, $5,010.
    (b) Photo supplies on hand, $2,610.
    (c) insurance expired during the year, $1,440.
    (d) Depreciation of office equipment during the year, $2,500.
    (e) Depreciation of photo equipment during the year, $4,000.
    (f) Salaries unpaid at the end of the year, $2,000.


    please help
    Adjusting entries:
    (a)
    Office supplies expenses(6375-5010) 1365
    Office supplies 1365
    (b)
    Photo supplies expenses(11630-2610) 9020
    Photo supplies 9020
    (c)
    Insurance expense 1440
    Prepaid insurance 1440
    (d)
    Depreciation expense-office equipment 2500
    Accumulated depreciation -off equip 2500
    (e)
    Depreciation expense-photo equipment 4000
    Accumulated depreciation-photo equip 4000
    (f)
    Salary expense 2000
    Salary payable 2000

    Adjusted Trial Balance:
    Office supplies(DR) 5010
    Photo supplies(DR) 2610
    Prepaid insurance(DR) 2280
    Office equipment(DR) 25000
    Accumulated depreciation-office equip(CR) 7500
    Photo equipment(DR) 40000
    Accumulated depreciation-photo equip(CR) 16000
    Salary payable(CR) 2000
    Office supplies expense(DR) 1365
    Photo supplies expense(DR) 9020
    Insurance expense(DR) 1440
    Salaries expense(DR) 2000
    Depreciation expense-office equip(DR) 2500
    Depreciation expense-photo equip(DR) 4000
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