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Oriole Company was organized on July 1, 2019. Quarterly financial statements are prepared. The unadjusted and...

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Accounting

Oriole Company was organized on July 1, 2019. Quarterlyfinancial statements are prepared. The unadjusted and adjustedtrial balances as of September 30 are shown as follows.Journalize the adjusting entries that were made AND createan income statement, retained earnings, and balancesheet.

Oriole Company
Trial Balance
September 30, 2019

UnadjustedAdjusted
Dr.Cr.Dr.Cr.
Cash$ 8,700$ 8,700
Accounts Receivable10,50011,600
Supplies1,450700
Prepaid Rent2,1501,250
Equipment18,00018,000
AccumulatedDepreciation—Equipment$0$    750
Notes Payable9,5009,500
Accounts Payable2,4502,450
Salaries and WagesPayable0720
Interest Payable095
Unearned Rent Revenue1,9001,000
Common Stock21,60021,600
Dividends1,6001,600
Service Revenue17,10018,200
Rent Revenue1,3802,280
Salaries and WagesExpense8,2008,920
Rent Expense1,8502,750
Depreciation Expense750
Supplies Expense750
Utilities Expense1,4801,480
Interest Expense95
$ 53,930$ 53,930$ 56,595$ 56,595

Answer & Explanation Solved by verified expert
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Adjusting entries are the entries made    See Answer
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