7:20 Land Furniture Building Accumulated Depreciation: Furniture Accumulated Depreciation: Building Cash Supplies Notes Receivable Interest Receivable Prepaid Insurance Acounts Payable Interest Payable Salary Payable Shop Write Services Trial Balance at March 31, 2019 $ Unearned Service Revenue Note Payable (long term) S. Wright, Capital S. Wright, Withdrawals Service Revenue Interest Revenue Salary Expense Insurance Expense Interest Expense Utilities Expense Supplies Expense Depreciation Expense - Furniture Depreciation Expense- Building Total 25,050 41,100 85,850 6,450 750 15,450 6750 2,550 5,700 3,150 1,650 187,700 ... 30% - 2,100 51,750 22,050 13,200 28,050 44,850 25,200 500 187,700 Additional data at March 31, 2019: i. Prepaid insurance represents premiums for 15 months, from April 1, 2018 to June 30, 2019. ii. Accrued interest expense $300 iii. Accrued interest revenue $400 iv. Unearned service revenue remaining at year-end $5,200 v. Accrued advertising expense $600 (credit Accounts Payable) vi. Supplies on hand $600 vii. Accrued salary expense $900
7:20 Land Furniture Building Accumulated Depreciation: Furniture Accumulated Depreciation: Building Cash Supplies Notes Receivable Interest Receivable Prepaid Insurance Acounts Payable Interest Payable Salary Payable Shop Write Services Trial Balance at March 31, 2019 $ Unearned Service Revenue Note Payable (long term) S. Wright, Capital S. Wright, Withdrawals Service Revenue Interest Revenue Salary Expense Insurance Expense Interest Expense Utilities Expense Supplies Expense Depreciation Expense - Furniture Depreciation Expense- Building Total 25,050 41,100 85,850 6,450 750 15,450 6750 2,550 5,700 3,150 1,650 187,700 ... 30% - 2,100 51,750 22,050 13,200 28,050 44,850 25,200 500 187,700 Additional data at March 31, 2019: i. Prepaid insurance represents premiums for 15 months, from April 1, 2018 to June 30, 2019. ii. Accrued interest expense $300 iii. Accrued interest revenue $400 iv. Unearned service revenue remaining at year-end $5,200 v. Accrued advertising expense $600 (credit Accounts Payable) vi. Supplies on hand $600 vii. Accrued salary expense $900
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter15: Preparing Adjusting Entries And A Trial Balance
Section15.3: Adjusting Accumulated Depreciation
Problem 1OYO
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