Solution-Journalize five entries that adjusted the accounts

Journalize five entries that adjusted the accounts at august

Reference no: EM131811673

Question - Adjusting Entries from Trial Balances

The unadjusted and adjusted trial balances for McWay Services Co. on August 31, 2012, are shown below.

McWay Services Co.Trial Balance August 31, 2012
	Unadjusted		Adjusted
	Debit Balances	Credit Balances	Debit Balances	Credit Balances
Cash	318		318
Accounts Receivable	757		840
Supplies	239		179
Prepaid Insurance	385		231
Land	528		528
Equipment	813		813
Accumulated Depreciation - Equipment		163		266
Accounts Payable		518		518
Wages Payable		0		22
Capital Stock		1,329		1,329
Retained Earnings		500		500
Dividends	165		165
Fees Earned		1,491		1,574
Wages Expense	477		499
Rent Expense	159		159
Insurance Expense	0		154
Utilities Expense	80		80
Depreciation Expense	0		103
Supplies Expense	0		60
Miscellaneous Expense	80		80
	4,001	4,001	4,209	4,209

Journalize the five entries that adjusted the accounts at August 31, 2012. None of the accounts were affected by more than one adjusting entry.

Reference no: EM131811673

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Journalize five entries that adjusted the accounts at august

Reference no: EM131811673

Reference no: EM131811673

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