A. On December 1 received cash of $360 for three months of Cleaning Services beg

Question

A. On December 1 received cash of $360 for three months of Cleaning Services beginning December 1 B. HHEC received employee services for the last two days of December amounting to $250, to be paid in Year 2 C. As of December 31, Year 1, HHEC provided 25 hours of cleaning services at $20 per hour to be billed in January Year D. On December 31, Year 1, HHEC recorded depreciation on its Office Equipment of $50 E. On December 31, Year 1, HHEC record depreciation on Building of $1,980 F. On December 31, Year 1, $100 of insurance had been used G On December 31, Year 1, $400 of supplies had been used Trial Balance December 31, Year 1 Cash Accounts Receivable Supplies Preapid Insurance Buildin Office Equipment Accounts Payable Sisters, Capital Sisters, Withdrawals Clearning Revenues Wages Expense Utilities Expense Miscellaneous Expense Total 6,855 2,200 2,800 2,400 10,000 1.800 1,850 15,000 4,000 18,660 4,275 985 195 35,510 35,510 ANSWERS Adjusting Entries

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Debit Credit Cleaning revenues Dr                    240.00 To Unearned cleaning revenues                             240.00 (Note assumed entry is recorded,Just adjusting entry is pending) Wages expense Dr                    250.00 To wages payable                             250.00 Account receivable Dr                    500.00 To cleaning revenues                             500.00 depreciation Expense DR                       50.00 To Accumulated depreciation- Equipment                                50.00 depreciation Expense DR                 1,980.00 To Accumulated depreciation- Building                          1,980.00 Insurance expense Dr                    100.00 To prepaid insurance                             100.00 Supplies expense dr                    400.00 To Supplies                             400.00 TRIAL BALANCE Particulars Amount Amount Cash                 6,855.00 Accounts receivable = 2200 + 500                 2,700.00 supplies = 2800 - 400                 2,400.00 Prepaid insurance                 2,300.00 Building              10,000.00 office equipment                 1,800.00 Accounts payable                          1,850.00 Sisters Capital                       15,000.00 Sisters Withdrawl                 4,000.00 Cleaning revenues = 18660 - 240 + 500                       18,920.00 Unearned cleaning revenues                             240.00 Depreciation expense                 2,030.00 Accumulated depreciation - Office equipment                                50.00 Accumulated depreciation - Building                          1,980.00 Insurance expense                    100.00 Supplies expense                    400.00 Wages payable                             250.00 Wages expense = 4275 + 250                 4,525.00 Utilities expense                    985.00 Miscellaneous expense                    195.00 Total              38,290.00                       38,290.00

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