Using the adjusted trial balance to determine the adjusting journal Entries The adjusted trial balance of Jobs-4-U Employment Service, Inc., follows but is incomplete.
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JOBS-4-U EMPLOYMENT SERVICE, INC.
Adjusted Trial Balance
April 30, 2012
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Trial Balance
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Adjusted Trial Balance
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Account
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Debit
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Credit
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Debit
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Credit
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Cash
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$ 900
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$ 900
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Accounts receivable
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4,100
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5,600
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Supplies
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1,000
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500
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Equipment
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32,500
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32,500
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Accumulated depreciation
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$14,400
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$15,400
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Salary payable
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1,200
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Common stock
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13,000
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13,000
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Retained earnings
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10,300
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10,300
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Dividends
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4,800
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4,800
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Service revenue
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9,100
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10,600
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Salary expense
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2,500
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3,700
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Rent expense
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1,000
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1,000
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Depreciation expense
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1,000
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Supplies expense
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500
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Total
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$46,800
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$46,800
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$50,500
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$50,500
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Requirements
1. Calculate and enter the adjustment amounts directly in the missing Adjustments columns.
2. Prepare each adjusting journal entry calculated in Requirement 1. Date the entries and include explanations.