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.
FIRST Journalize the adjusting entries that were madeTHEN create an income statement, retained earnings, and balancesheet.
Oriole Company
Trial Balance
September 30, 2019
Unadjusted Adjusted
Dr. Cr. Dr. Cr.
Cash $ 8,700 $ 8,700
Accounts Receivable 10,500 11,600
Supplies 1,450 700
Prepaid Rent 2,150 1,250
Equipment 18,000 18,000
Accumulated Depreciation—Equipment $0 $ 750
Notes Payable 9,500 9,500
Accounts Payable 2,450 2,450
Salaries and Wages Payable 0 720
Interest Payable 0 95
Unearned Rent Revenue 1,900 1,000
Common Stock 21,600 21,600
Dividends 1,600 1,600
Service Revenue 17,100 18,200
Rent Revenue 1,380 2,280
Salaries and Wages Expense 8,200 8,920
Rent Expense 1,850 2,750
Depreciation Expense 750
Supplies Expense 750
Utilities Expense 1,480 1,480
Interest Expense 95
$ 53,930 $ 53,930 $ 56,595 $ 56,595

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4.3 Ratings (693 Votes)

Date General Journal Debit Credit Sep 30 Accounts receivable 1100 Service revenue 1100 To record unbilled service revenue Sep 30 Supplies expense 750 Supplies 750 To record supplies used Sep 30 Prepaid rent 900 Rent expense 900 To record prepaid rent expired Sep 30 Depreciation expense 750 Accumulated See Answer

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Oriole Company Trial Balance September 30, 2019
	Unadjusted		Adjusted
	Dr.	Cr.	Dr.	Cr.
Cash	$ 8,700		$ 8,700
Accounts Receivable	10,500		11,600
Supplies	1,450		700
Prepaid Rent	2,150		1,250
Equipment	18,000		18,000
Accumulated Depreciation—Equipment		$0		$ 750
Notes Payable		9,500		9,500
Accounts Payable		2,450		2,450
Salaries and Wages Payable		0		720
Interest Payable		0		95
Unearned Rent Revenue		1,900		1,000
Common Stock		21,600		21,600
Dividends	1,600		1,600
Service Revenue		17,100		18,200
Rent Revenue		1,380		2,280
Salaries and Wages Expense	8,200		8,920
Rent Expense	1,850		2,750
Depreciation Expense			750
Supplies Expense			750
Utilities Expense	1,480		1,480
Interest Expense			95
	$ 53,930	$ 53,930	$ 56,595	$ 56,595