Prepare the adjusting entries

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Reference no: EM131143998

The trial balances before and after adjustment for Frinzi Company at the end of its fiscal year are presented below.

FRINZI COMPANY Trial Balance August 31, 2014



Before
Adjustment


After
Adjustment



Dr.


Cr.


Dr.


Cr.

Cash


$10,172




$10,172



Accounts Receivable


8,660




9,844



Supplies


2,498




638



Prepaid Insurance


3,896




2,678



Equipment


13,959




13,959



Accumulated Depreciation-Equipment




$ 3,715




$ 4,420

Accounts Payable




5,765




5,765

Salaries and Wages Payable




0




1,212

Unearned Rent Revenue




1,538




684

Owner's Capital




15,182




15,182

Service Revenue




34,045




35,229

Rent Revenue




11,177




12,031

Salaries and Wages Expense


17,175




18,387



Supplies Expense


0




1,860



Rent Expense


15,062




15,062



Insurance Expense


0




1,218



Depreciation Expense


0


 


705


 



$71,422


$71,422


$74,523


$74,523

Prepare the adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Reference no: EM131143998

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