Problem:
BERE COMPANY
Trial Balance
August 31, 2014
Before After
Adjustment Adjustment
Dr. Cr. Dr. Cr.
Cash $10,900 $10,900
Accounts Receivable 8,800 9,400
Supplies 2,500 500
Prepaid Insurance 4,000 2,500
Equipment 16,000 16,000
Accumulated Depreciation"Equipment $ 3,600 $4,800
Accounts Payable 5,800 5,800
Salaries and Wages Payable 0 1,100
Unearned Rent Revenue 1,800 800
Common Stock 10,000 10,000
Retained Earnings 5,500 5,500
Dividends 2,800 2,800
Service Revenue 34,000 34,600
Rent Revenue 12,100 13,100
Salaries and Wages Expense 17,000 18,100
Supplies Expense 0 2,000
Rent Expense 10,800 10,800
Insurance Expense 0 1,500
Depreciation Expense 0 1,200
$72,800 $72,800 $75,700 $75,700
The adjusted trial balance for Bere Company is given
Instructions
Prepare the closing entries for the temporary accounts at August 31.