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Tutorial   5832

Journalize the six entries that adjust the accounts at December 31. One of the accounts was affected by two different adjusting entries. Unadjusted...

Question:

Journalize the six entries that adjust the accounts at December 31.  One of the accounts was affected by two different adjusting entries.

                                                                    Unadjusted Trial Balance                      Adjusted Trial Balance

Cash                                                                       3,000                                  3,000     

Accounts Receivable                                         30,000                                            30,500     

Supplies                                                                1,700                                    100      

Prepaid Insurance                                               2,000                                  400      

Equipment                                                            9,000                                9,000     

Accumulated Depreciation                                                                                                               1,500

Wages Payable                                                                                                                                    4,000

Unearned Fees                                                                       6,000                                                        1,500

Ann Cole, Capital                                                                   20,000                                                    20,000

Fees Earned                                                                           62,000                                                      67,000

Wages Expense                                                                   42,300                                               46,300  

Supplies Expense                                                                                                        1,600       

Insurance Expense                                                                                                      1,600       

Depreciation Expense                                                                                                1,500                  

Total                                                                       88,000        88,000                              94,000             94,000