80.2K

Verified Solution

Link Copied!

IVANHOE COMPANY Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10.200 $10,200 9.160 9.750 Accounts Receivable Supplies 2,910 1,720 Prepaid Insurance 4,120 2,670 Equipment 15,000 15.000 S3,375 $4.575 5.970 5.970 0 1,030 1.000 1.030 Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue 18,460 18,460 5,180 5.180 2,810 2,810 34.000 34.590 Rent Revenue 13.720 14,490 16,010 17.040 0 1.190 Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense 22,295 22.295 0 1.450 Depreciation Expense 1.200 582,505 $82.505 $85.325 $85,325 Prepare the adjusting entries that were made. (if no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Aug. 31 Date Account Titles and Explanation Debit Credit Aug. 31 (To record the service revenue) Aug. 31 (To record the supplies expense) Aug. 31 (To record the insurance expense) Aug. 31 (To record depreciation expense) Aug. 31 (To record salaries and wages expense) Aug. 31 (To record rent revenue)

Answer & Explanation Solved by verified expert

See Answer