Ex. 213
The adjustments columns of the worksheet for Leonardo Company are shown below.
Adjustments
Account Titles DebitCredit
Accounts Receivable800
Prepaid Insurance600
Accumulated Depreciation 700
Salaries and Wages Payable 500
Service Revenue 800
Salaries and Wages Expense500
Insurance Expense600
Depreciation Expense 700
2,6002,600
Ex. 213(Cont.)
Instructions
(a)Prepare the adjusting entries.
(b)Assuming the adjusted trial balance amount for each account is normal, indicate the financial statement column to which each balance should be extended.
Ex. 214
Selected worksheet data for East Carolina Company are presented below.
Adjusted
Account Titles Trial Balance Trial Balance
Dr. Cr. Dr. Cr.
Accounts Receivable?31,000
Prepaid Rent24,00020,000
Supplies7,000?
Accumulated Depreciation12,000?
Salaries and Wages Payable?6,000
Service Revenue86,00099,000
Rent Expense?
Depreciation Expense9,000
Supplies Expense5,000
Salaries and Wages Expense?49,000
Ex. 214(Cont.)
Instructions
(a)Fill in the missing amounts.
(b)Prepare the adjusting entries that were made.