(Solved): Adjusting entries and adjusted trial balances Journalize the adjusting entries using the following ...
Adjusting entries and adjusted trial balances Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; Depreciation Expense-Building; Depreciation Expense-Equipment; and Supplies Expense. If an amount box does not require an entry, leave it blank. July 31 31 31 31 . 31 31 31 Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank. Reece Financial Services Co. Adjusted Trial Balance July 31, 20Y9
20Y9: Reece Financial Services Co. Unadjusted Trial Balance July
31,20Y9The data needed to determine year-end adjustments are as follows: Depreciation of building for the year,
$4,040. Depreciation of equipment for the year,
$3,500. Accrued salaries and wages at July
31,$3,950. Unexpired insurance at July
31,$6,100. Fees earned but unbilled on July
31,$23,180. Supplies on hand at July 31,$740. Rent unearned at July
31,$2,260.
