MATTHEWS COMPANY
Trial Balance
August 31, 2012 |
|
|
Before
Adjustment |
|
After
Adjustment |
|
|
Dr. |
|
Cr. |
|
Dr. |
|
Cr. |
| Cash |
|
$10,116 |
|
|
|
$10,116 |
|
|
| Accounts Receivable |
|
8,732 |
|
|
|
9,844 |
|
|
| Supplies |
|
2,408 |
|
|
|
643 |
|
|
| Prepaid Insurance |
|
3,934 |
|
|
|
2,611 |
|
|
| Equipment |
|
14,148 |
|
|
|
14,148 |
|
|
| Accumulated Depreciation-Equipment |
|
|
|
$3,605 |
|
|
|
$4,483 |
| Accounts Payable |
|
|
|
5,747 |
|
|
|
5,747 |
| Salaries and Wages Payable |
|
|
|
0 |
|
|
|
1,016 |
| Unearned Rent Revenue |
|
|
|
1,342 |
|
|
|
605 |
| Owner's Capital |
|
|
|
15,108 |
|
|
|
15,108 |
| Service Revenue |
|
|
|
34,180 |
|
|
|
35,292 |
| Rent Revenue |
|
|
|
11,157 |
|
|
|
11,894 |
| Salaries and Wages Expense |
|
16,916 |
|
|
|
17,932 |
|
|
| Supplies Expense |
|
0 |
|
|
|
1,765 |
|
|
| Rent Expense |
|
14,885 |
|
|
|
14,885 |
|
|
| Insurance Expense |
|
0 |
|
|
|
1,323 |
|
|
| Depreciation Expense |
|
0 |
|
|
|
878 |
|
|
|
|
$71,139 |
|
$71,139 |
|
$74,145 |
|
$74,145 |
Prepare the adjusting entries that were made.(Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
| Date |
Account Titles and Explanation |
Debit |
Credit |
| Aug. 31 |
 |
|
|
|
|
|
|
|
(To record accrued revenue) |
|
|
| Aug. 31 |
|
|
|
|
|
|
|
|
(To record supplies used) |
|
|
| Aug. 31 |
|
|
|
|
|
|
|
|
(To record expired insurance) |
|
|
| Aug. 31 |
|
|
|
|
|
|
|
|
(To record depreciation) |
|
|
| Aug. 31 |
|
|
|
|
|
|
|
|
(To record accrued salaries) |
|
|
| Aug. 31 |
|
|
|
|
|
|
|
|
(To record rent earned) |