Solution-Calculate and enter the adjustment amounts

Calculate and enter the adjustment amounts

Assignment Help Cost Accounting

Reference no: EM13530898

Using the adjusted trial balance to determine the adjusting journal Entries The adjusted trial balance of Jobs-4-U Employment Service, Inc., follows but is incomplete.

JOBS-4-U EMPLOYMENT SERVICE, INC. Adjusted Trial Balance April 30, 2012
	Trial Balance			Adjusted Trial Balance
Account	Debit	Credit	Debit	Credit
Cash	$ 900		$ 900
Accounts receivable	4,100		5,600
Supplies	1,000		500
Equipment	32,500		32,500
Accumulated depreciation		$14,400		$15,400
Salary payable				1,200
Common stock		13,000		13,000
Retained earnings		10,300		10,300
Dividends	4,800		4,800
Service revenue		9,100		10,600
Salary expense	2,500		3,700
Rent expense	1,000		1,000
Depreciation expense			1,000
Supplies expense			500
Total	$46,800	$46,800	$50,500	$50,500

Requirements

1. Calculate and enter the adjustment amounts directly in the missing Adjustments columns.

2. Prepare each adjusting journal entry calculated in Requirement 1. Date the entries and include explanations.

Reference no: EM13530898

Questions Cloud

Compute interest on loans : Neka also instructed the programmer to use a 360-day year to compute interest on loans (receivables). Discuss whether Neka is behaving in a professional manner.

Find is the image magnified or reduced : An object is placed 13 cm in front of a converging lens with a focal length of 1 cm. Carefully draw a ray diagram on a piece of graph paper , Is the image magnified or reduced

Define what is the molarity : If 21.00 mL of 0.0950 N NaOH solution is used to titrate 28.75 mL of H2SO3 to the first equivilance point, what is the molarity

Calculate the velocity vector of the object : An object is fired at 30.0 m/s at an angle of 35.0 degrees from a vertical cliff that is h meters (where h is unknown quantity) above the sea. calculate the velocity vector of the object

Calculate and enter the adjustment amounts : Calculate and enter the adjustment amounts directly in the missing Adjustments columns and prepare each adjusting journal entry calculated in Requirement Date the entries and include explanations.

Find how long does it take to increase the speed of train : A freight train has a mass of 1.5 × 107 kg. If the locomotive can exert a constant pull of 7.9 × 105 N, how long does it take to increase the speed of the train from rest to 88 km/h

The advertising budget for the advertising : Research paper on the advertising budget for the advertising and promotion department of a non-profit organization.

Depict a newman projection of cyclohexane looking along : Draw a Newman projection of cyclohexane looking along two C-C bonds that are separated by one carbon

Calculate what is the velocity of the electron : a uniforn electric field with a magnitude of 420n/c pointing in the positive x- direction acts on an electron, which is initially at rest. The electron has moved 2.60cm. What is the velocity of the electron

User Account

All Pages

Calculate and enter the adjustment amounts

Reference no: EM13530898

Reference no: EM13530898

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT