Requirement #5: Post the adjusting entries on October 31 below to the General Ledger T-accounts and compute adjusted balances. Just add to the balances that are already listed.
General Journal
Date	Description (Account Name)	Debit	Credit
31-Oct	Prepaid Insurance	100
	Insurance Expense		100
31-Oct	Repair Supplies Expense	196
	Repair Supplies		196
31-Oct	Depreciation Expense	70
	Accumulated Depreciation		70
31-Oct	Tax Expense	40
	Tax Payable		T ACCOUNTS: Cash (111) Bicycle Repair Revenue (411) Common Stock 12,000 Insurance Expense 12,000 To TRF to P/L Acct. 2,712 By Cash 1,362 Bicycle Repair Revenue 1,362 Store Rent Expense 1,040 By Cash 1,350 Bicycle Repair Revenue 1,350 Equipment 600 Utility Expense 154 Dep-Expense Repair Equipment 200 Dividends 800 By Cash C/D 10,718 TOTAL: 14,712 TOTAL: 14,712 TOTAL: 2,712 TOTAL: 2,712 Prepaid Insurance (117) Store Rent Expense (511) To Cash 1,040 By Balance TRF to P/L Acct. 1,040 TOTAL: 1,040 TOTAL: 1,040 Repair Supplies (119) Utility Expense (512) To Cash 154 By Balance TRF to P/L Acct. 154 TOTAL: 154 TOTAL: 154 Repair Equipment (144) Insurance Expense (513) To Cash 1,200 By Balance TRF to P/L Acct. 1,200 TOTAL: 1,200 TOTAL: 1,200 Accum. Depr.-Repair Equipment (145) Repair Supplies Expense (514) Accounts Payable (212) Depr. Exp.-Repair Equipment (515) To TRFD to Balance Sheet 4,190 By Repair Supplies 390 To Cash 200 By TRF to P/L Acct. 200 By Equipment 4,190 TOTAL: 4,190 TOTAL: 4,190 TOTAL: 200 TOTAL: 200 Income Taxes Payable (213) Income Taxes Expense (516) Common Stock (311) Balance C/D 12,000 By Cash 12,000 Total: 12,000 TOTAL: 12,000 Retained Earnings (312) Dividends (313) To Cash: 800 By TRF to Retained Earnings Acct. 800 TOTAL: 800 TOTAL: 800