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Category > Accounting Posted 22 Jul 2017 My Price 4.00

Tomahawk Services Co

The unadjusted and adjusted trial balances for Tomahawk Services Co. on July 31, 2008, are shown below.

Tomahawk Services Co. Trial Balance July 31, 2008

 

Unadjusted

Adjusted

 

Debit

Credit

Debit

Credit

 

Balances

Balances

Balances

Balances

Cash

48

 

48

 

Accounts Receivable

114

 

126

 

Supplies

36

 

27

 

Prepaid Insurance

60

 

36

 

Land

78

 

78

 

Equipment

120

 

120

 

Accumulated Depreciation —Equipment

 

24

 

39

Accounts Payable

 

78

 

78

Wages Payable

 

0

 

3

Cleo Dexter, Capital

 

276

 

276

Cleo Dexter, Drawing

24

 

24

 

Fees Earned

 

222

 

234

Wages Expense

72

 

75

 

Rent Expense

24

 

24

 

Insurance Expense

0

 

24

 

Utilities Expense

12

 

12

 

Depreciation Expense

0

 

15

 

Supplies Expense

0

 

9

 

Miscellaneous Expense

12

 

12

 
 

600

600

630

630

Journalize the five entries that adjusted the accounts at July 31, 2008. None of the accounts were affected by more than one adjusting entry.

Answers

(5)
Status NEW Posted 22 Jul 2017 10:07 AM My Price 4.00

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