Cash $60,000 Accounts Receivable 10,000 Supplies 500 Equipment 15,000 Accumulate
ID: 2442527 • Letter: C
Question
Cash $60,000Accounts Receivable 10,000
Supplies 500
Equipment 15,000
Accumulated Depreciation $1,000
Accounts Payable $40,000
Salary Payable $3,000
Macy Jarvic, Capital 45,500
Macy Jarvic, Drawing 5,000
Fees Earned $22,000
Salary Expense 8,000
Depreciation Expence $1,000
Supplies Expense $700
Utilities Expense $500
________ ________
doesnt equals 149,700 149,700
Data needed for three year-end adjustmnets are as follows:
a. Supplies on hand at December 31, $300
b. Depreciation of equipment for the two months, $1,000
c. Salaries accrued but not paid at December 31, $3,000
d. Unbilled fees at December 31, $10,000
for the journal, I have
Supplies Expense $200 Debit $200 Credit
Supplies
Depreciation Expense $1000 Debit $1000 Credit
Accumulation Depreciation-Equipment
Salaries Expense $1000 Debit $1000 Credit
Salaries Payable
Account Receivable $10,000 Debit $10,000 Credit
Service Revenue
Explanation / Answer
Debit Credit
Cash $60,000
Accounts Receivable $10,000
Supplies $500
Equipment $15,000
Accumulated Depreciation $1,000
Accounts Payable $40,000
Salary Payable $3,000
Macy Jarvic, Capital $45,500
Macy Jarvic, Drawing $5,000
Fees Earned $22,000
Salary Expense $8,000
Depreciation Expence $1,000
Supplies Expense $700
Utilities Expense $500
_______________________
$100,700 $111,500
Missing Information OR
Figure mistakes 10,800
$111,500 $111,500
=======================
You have mistake in opening figures, check out your figures and rectify accordingly. on the basis of above trial, the post adjusted trial balance will appear as follows :
Debit Credit
Cash $60,000
Accounts Receivable $10,000
Unbilled Revenue $10,000
Supplies expense $200
Supplies $300
Equipment $15,000
Accumulated Depreciation $2,000
Accounts Payable $40,000
Salary Payable $6,000
Macy Jarvic, Capital $45,500
Macy Jarvic, Drawing $5,000
Fees Earned $32,000
Salary Expense $11,000
Depreciation Expence $2,000
Supplies Expense $700
Utilities Expense $500
______________________
$114,700 $125,500
Missing Information OR
Figure mistakes 10,800
$125,500 $125,500
=======================
Figures in blue color represents adjustment figures as follows :
Account head Debit Credit
Unbilled Revenue 0 + $10,000
Fees Earned $22,000 + $10,000
Supplies Expense 0 + $200
Supplies $500 - $200
Accum. Depreciation $1,000 + $1,000
Depreciation expense $1,000 + $1,000
Salary payable $3,000 + $3,000
Salary Expense $8,000 + $3,000
________________________________
$14,000 $14,000
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