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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The unadjusted and adjusted trial balances for American Leaf Company on October  31, 2016, follow:
American Leaf Company Trial Balances
                                                                     october 31, 2016                                                                       Â
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Unadjusted                              Adjusted
Â
Debit Balances
Credit Balances
Debit Balances
Credit Balances
Â
|
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
16 |
 |
 |
 |
16 |
 |
 |
 |
|
Accounts Receivable. . . . . . . . . . . . . . . . . . . . . . . . . . . . |
38 |
 |
 |
 |
44 |
 |
 |
|
|
Supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
12 |
 |
 |
 |
10 |
 |
 |
|
|
Prepaid Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
20 |
 |
 |
 |
8 |
 |
 |
|
|
Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
26 |
 |
 |
 |
26 |
 |
 |
|
|
Equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
40 |
 |
 |
 |
40 |
 |
 |
|
|
Accumulated Depreciation—Equipment . . . . . . . .  . |
 |
 |
8 |
 |
 |
 |
12 |
|
|
Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
 |
 |
26 |
 |
 |
 |
26 |
 |
|
Wages Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
 |
 |
0 |
 |
 |
 |
2 |
 |
|
Common Stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
 |
 |
20 |
 |
 |
 |
20 |
 |
|
Retained Earnings  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
 |
 |
72 |
 |
 |
 |
72 |
 |
|
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
8 |
 |
 |
 |
8 |
 |
 |
 |
|
Fees Earned. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
 |
 |
74 |
 |
 |
 |
80 |
 |
|
Wages Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
24 |
 |
 |
 |
26 |
 |
 |
 |
|
Rent Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
8 |
 |
 |
 |
8 |
 |
 |
 |
|
Insurance Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
0 |
 |
 |
 |
12 |
 |
 |
 |
|
Utilities Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
4 |
 |
 |
 |
4 |
 |
 |
 |
|
Depreciation Expense . . . . . . . . . . . . . . . . . . . . . . . . . . |
0 |
 |
 |
 |
4 |
 |
 |
 |
|
Supplies Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
0 |
 |
 |
 |
2 |
 |
 |
 |
|
Miscellaneous Expense . . . . . . . . . . . . . . . . . . . . . . . . . |
    4 |
 |
        |
 |
    4 |
 |
        |
 |
|
 |
200 |
 |
200 |
 |
212 |
 |
212 |
 |
Journalize the five entries that adjusted the accounts at October 31, 2016. None of the accounts were affected by more than one adjusting entry.
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll