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The trial balances shown below are before and after adjustment for Bere Company at the end of its fiscal year.
BERE COMPANY Trial Balance August 31, 2014
Before Adjustment
After Adjustment
Dr.
Cr.
Cash
$11,300
Accounts Receivable
8,160
8,820
Supplies
2,700
1,460
Prepaid Insurance
4,300
2,830
Equipment
16,400
Accumulated Depreciation-Equipment
$ 3,280
$ 4,480
Accounts Payable
5,750
Salaries and Wages Payable
0
1,400
Unearned Rent Revenue
2,090
1,230
Common Stock
17,000
Retained Earnings
5,700
Dividends
2,800
Service Revenue
34,500
35,160
Rent Revenue
12,800
13,660
Salaries and Wages Expense
17,800
Supplies Expense
1,240
Rent Expense
19,060
Insurance Expense
1,470
Depreciation Expense
1,200
$81,120
$84,380
Prepare the adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
(To record the service revenue)
(To record the supplies expense)
(To record the insurance expense)
(To record depreciation expense)
(To record salaries and wages expense)
(To record rent revenue)
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