Respuesta :
This is an uncompleted question. Here, is a completed question
The following is the Bravo Unlimited unadjusted Trial Balance. Bravo Unlimited Unadjusted Trial Balance December 31, 2016 Account Title Debit Credit $88,450 Cash Accounts Receivable 231,860 Supplies 6,255 Prepaid Rent 11,000 Equipment 395,285 Accumulated Depreciation $224,260 Accounts Payable 72,555 Wages Payable 0 220,000 Capital Stock Retained Earnings 111,145
Service Revenue 893,105 Interest Income 1,500 Rent Expense 60,500 Wages Expense 527,260 Supplies Expense 42,520 Utilities Expense 8,595 Depreciation Expense 144,000 Interest Expense 6,840 $1,522,565 $1,522,565 Totals Adjusting Items: 1. A physical inventory shows supplies on hand of $3,000 at year end. 2. The prepaid rent covers December 2016 thru March 2017 rents. 3. December depreciation on equipment is $11,000 per month 4. At year end Wages of $10,000 were earned but unpaid. Use this information to prepare the General Journal entry (without explanation) for the required end of the month adjustment.
Explanation:
The adjusting entries are shown below:
1. Supplies expense A/c Dr $3,255
To supplies A/c $3,255
The supplies expense is computed by
= Supplies balance - supplies on hand
= $6,255 - $3,000
= $3,255
2. Rent expense A/c Dr $2,750 ($11,000 ÷ 4 months)
To Prepaid rent A/c $2,750
3. Depreciation Expense A/c Dr $11,000
To Accumulated Depreciation - Equipment A/c $11,000
4. Wages Expense A/c Dr $10,000
To Wages payable A/c $10,000
