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 |
