calculation of adjustment entriescolo

Question

Calculation of Adjustment Entries.

COLO COMPANY Work Sheet For Month Ended May 31, 2005
	Unadjusted		Adjusted
Trial Balance	Adjustments	Trial Balance
Account	Debit	Credit	Debit	Credit	Debit	Credit
Cash
Accounts receivable
Merchandise inventory
Office supplies
Store supplies
Prepaid insurance
Office equipment
Accum. depr., office equip.
Store equipment
Accum. depr., store equip.
Accounts payable
J. Colo, Capital
J. Colo, Withdrawals
Sales
Sales discounts
Sales returns and allowances
Cost of goods sold
Depr. expense, office
equip.
Depr. expense, store equip.
Office salaries expense
Sales salaries expense
Insurance expense
Rent exp., office space
Rent exp., selling space
Office supplies expense
Store supplies expense
Utilities expense
Totals
Net income
Totals

 

	COLO COMPANY Work Sheet For Month Ended May 31, 2005
	Balance Sheet	Income Statement		Balance Sheet & Statement of Owner's Equity
Account	Debit	Credit	Debit	Credit
Accounts receivable
Merchandise inventory
Office supplies
Store supplies
Prepaid insurance
Office equipment
Accum. depr., office equip.
Store equipment
Accum. depr., store equip.
Accounts payable
J. Colo, Capital
J. Colo, Withdrawals
Sales
Sales discounts
Sales returns and allowances
Cost of goods sold
Depr. expense, office equip.
Depr. expense, store equip.
Office salaries expense
Sales salaries expense
Insurance expense
Rent exp., office space
Rent exp., selling space
Office supplies expense
Store supplies expense
Utilities expense
Totals
Net income
Totals