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  • Problem 10: Trial Balance Adjusted Entries

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    Gavin Ramos
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    This trial balance on June 30, 2018 includes adjusted entries to prepaid insurance and supplies by moving expenses to balance sheet accounts. It also includes depreciation entries for the building and equipment along with matching entries to accumulated depreciation accounts. Additional adjustments include accruals for receivables, revenue, interest, salaries and payables to match expenses with associated revenues or liabilities.

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    accounting

    Original Title

    AccountingHW2

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    This trial balance on June 30, 2018 includes adjusted entries to prepaid insurance and supplies by moving expenses to balance sheet accounts. It also includes depreciation entries for the building and equipment along with matching entries to accumulated depreciation accounts. Additional adjustments include accruals for receivables, revenue, interest, salaries and payables to match expenses with associated revenues or liabilities.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    68 views1 page

    Problem 10: Trial Balance Adjusted Entries

    Uploaded by

    Gavin Ramos
    This trial balance on June 30, 2018 includes adjusted entries to prepaid insurance and supplies by moving expenses to balance sheet accounts. It also includes depreciation entries for the building and equipment along with matching entries to accumulated depreciation accounts. Additional adjustments include accruals for receivables, revenue, interest, salaries and payables to match expenses with associated revenues or liabilities.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Problem 10 Noel Hungria

    Trial Balance Adjusted Entries


    June 30, 2018 Debit Credit
    Cash
    Supplies ₱ 41,950.00
    Supplies Expense ₱ 41,950.00
    Insurance Expense ₱ 31,670.00
    Prepaid Insurance ₱ 31,670.00
    Building
    Equipment
    Accountants Recievable
    Depreciation Building ₱ 73,000.00
    Decpreciation Equipment ₱ 218,000.00
    Accumulated Depreciation Building ₱ 73,000.00
    Accumulated Depreciation Supplies ₱ 218,000.00
    Accurued Receivables ₱ 35,000.00
    Accurued Revenue
    Interest Expense ₱ 120,000.00
    Interest Payable ₱ 120,000.00
    Salaries Expense ₱ 115,200.00
    Salaries Payable ₱ 35,000.00
    Mortgage Payable
    Accurued Interest ₱ 115,200.00
    Service Revenue

    TOTAL ₱ 634,820.00 ₱ 634,820.00

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