The trial balances before and after adjustment for Matthews Company at the end of its fiscal year are presented on the next page.
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MATTHEWS COMPANY
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Trial Balance
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August 31, 2012
|
|
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Dr.
|
Cr.
|
Dr.
|
Cr.
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Cash
|
10,400
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|
$10,400
|
|
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Accounts Receivable
|
8,800
|
|
10,800
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|
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Supplies
|
2,300
|
|
900
|
|
|
Prepaid Insurance
|
4,000
|
|
2,500
|
|
|
Equipment
|
14,000
|
|
14,000
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|
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Accumulated Depreciation-Equipment
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|
$ 3,600
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|
$ 4,500
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Accounts Payable
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|
5,800
|
|
5,800
|
|
Salaries and Wages Payable
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|
-0-
|
|
1,100
|
|
Unearned Rent Revenue
|
|
1,500
|
|
600
|
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Owner's Capital
|
|
15,600
|
|
15,600
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|
Service Revenue
|
|
34,000
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|
36,000
|
|
Rent Revenue
|
|
11,000
|
|
11,900
|
|
Salaries and Wages Expense
|
17,000
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|
18,100
|
|
|
Supplies Expense
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-0-
|
|
1,400
|
|
|
Rent Expense
|
15,000
|
|
15,000
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|
|
Insurance Expense
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-0-
|
|
1,500
|
|
|
Depreciation Expense
|
-0-
|
|
900
|
|
|
$71,500
|
$71,500
|
$75,500
|
$75,500
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Instructions
Prepare the adjusting entries that were made.