Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Jul 2017 My Price 10.00

Galant Theater Production Company

Analyzing and journalizing adjustments Galant Theater Production Company unadjusted and adjusted trial balances at December 31, 2012, follow.

GALANT THEATER PRODUCTION COMPANY

Adjusted Trial Balance

December 31, 2012

 

Trial Balance

Adjusted Trial Balance

Account

Debit

Credit

Debit

Credit

Cash

$3,900

 

$3,900

 

Accounts receivable

6,100

 

6,900

 

Supplies

1,700

 

300

 

Prepaid insurance

2,700

 

2,100

 

Equipment

25,000

 

25,000

 

Accumulated depreciation

 

$8,800

 

$13,200

Accounts payable

 

4,000

 

4,000

Salary payable

 

 

 

300

Common stock

 

16,000

 

16,000

Retained earnings

 

4,300

 

4,300

Dividends

30,500

 

30,500

 

Service revenue

 

71,000

 

71,800

Depreciation expense

 

 

4,400

 

Supplies expense

 

 

1,400

 

Utilities expense

4,700

 

4,700

 

Salary expense

29,500

 

29,800

 

Insurance expense

 

 

600

 

Total

$ 104,100

$ 104,100

$109,600

$109,600

Requirement

1. Journalize the adjusting entries that account for the differences between the two trial balances.

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Jul 2017 10:07 PM My Price 10.00

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