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  • Adjusting

    Uploaded by

    Hanie Grace Iguid
    2 views3 pages

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    adjusting

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    2 views3 pages

    Adjusting

    Uploaded by

    Hanie Grace Iguid

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 3

    Date Particulars Debit Credit

    2021
    Dec. Supplies expense 3,000
    Supplies 3,000
    To recognize supplies expense

    Interest expense 160


    Prepaid expense 160
    To recognize supplies expense

    Salary expense 8,500


    Salary payable 8,500
    To record the unpaid salary

    Depreciation expense - equipment 1,500


    Accumulated depreciation - equipment 1,500
    To recognize the depreciation for the equip.

    Commission income 250


    Unearned commission income 250
    To recognize unearned income

    Depreciation expense - office furniture 2,250


    Accumulated depreciation - office furniture 2,250
    To recognize the depreciation for the office fur.

    Prepaid advertising 2,000


    Advertising expense 2,000

    Accounts receivable 2,000


    Service income 2,000

    Prepaid insurance 1,500


    Insurance expense 1,500

    Uncollectible accounts expense 1,250


    Allowance for uncollectible accounts 1,250

    Utility expense 3,800


    Utility payable 3,800

    Unearned rental income 4,500


    Rental income 4,500

    Depreciation expense - delivery equipment 20,000


    Accumulated depreciation 20,000

    Interest expense 225


    Interest payable 225

    Prepaid rent 38,000


    Rent expense 38,000
    Date Particulars Debit Credit
    2021
    Dec. Office supplies expense 5,000
    Office supplies 5,000

    Insurance expense 4,000


    Prepaid insurance 4,000

    Salary expense 3,000


    Salary payable 3,000

    Depreciation expense - office equipment 20,000


    Accumulated depreciation 20,000

    Depreciation expense - computer equipment 15,000


    Accumulated depreciation 15,000

    Depreciation expense - office furniture 7,600


    Accumulated depreciation 7,600

    Uncollectible accounts expense 500


    Allowance for uncollectible accounts 500

    Interest expense 500


    Interest payable 500

    Interest receivable 100


    Interest income 100

    Rent expense 2,000


    Utilities expense 1,000
    Telephone expense 1,500
    Rent payable 2,000
    Utilities payable 1,000
    Telephone payable 1,500

    Bala Legal Services


    Adjusted trial balance
    December 31, 2021
    Debit Credit
    Cash 65,000
    Accounts receivable 10,000
    Allowance for uncollectible accounts 500
    Notes receivable 5,000
    Prepaid insurance 8,000
    Office supplies 3,000
    Interest receivable 100
    Office equipment 100,000
    Accumulated depreciation - office equipment 20,000
    Office furniture and fixtures 40,000
    Accumulated depreciation - office furniture 7,600
    Computer equipment 60,000
    Accumulated depreciation - computer equipment 15,000
    Accounts payable 5,000
    Notes payable 50,000
    Salary payable 3,000
    Interest payable 500
    Rent payable 2,000
    Utilities payable 1,000
    Telephone payable 1,500
    Bala, Capital 77,000
    Bala, withdrawals 35,000
    Consulting revenues 390,000
    Interest income 100
    Salary expense 123,000
    Rent expense 36,000
    Utilities expense 26,000
    Telephone expense 9,500
    Office supplies expense 5,000
    Insurance expense 4,000
    Depreciation expense - office equipment 20,000
    Depreciation expense - computer equipment 15,000
    Depreciation expense - office furniture 7,600
    Uncollectible accounts expense 500
    Interest expense 500
    P 573,200 573,200

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