Journalize the adjusting entries and label them as accruals

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Reference no: EM13484205 , Length: 10

Journalize the adjusting entries and label them as accruals or deferrals, adding accounts as needed.

a. Unexpired insurance at December 31

$1,500

b. Supplies on hand at December 31

$400

c. Depreciation of building for the year

$1,750

d. Depreciation of equipment for the year

$5,800

e. Revenue unearned at December 31

$2,000

f. Accrued salaries and wages at December 31

$2,300

g. Fees earned but unbilled on December 31

$4,850

Forever Green Lawn Care, Inc. Trial Balance December 31, 20--

Cash

8,700


Accounts Receivable

20,600


Prepaid Insurance

4,400


Supplies

1,950


Land

45,000


Building

134,500


Accumulated

Depreciation-Bldg


86,700

Equipment

80,100


Accumulated

Depreciation-Equip.


61,300

Accounts Payable


7,500

Unearned Revenue


6,000

Capital Stock


15,300

Retained Earnings


54,000

Dividends

8,000


Fees Earned


199,400

Salaries and Wages

Expense

70,200


Utilities Expense

23,200


Advertising Expense

18,000


Repairs Expense

11,500


Miscellaneous Expense

4,050


Totals

430,200

430,200

Reference no: EM13484205

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