The trial balances shown on page 208 are before and after adjustment for Amit Company at the end of its fiscal year.
| AMIT COMPANY Don't use plagiarized sources. Get Your Custom Essay on the trial balances shown on page 208 are before and after adjustment for amit 533476 For $10/Page 0nly | ||||
| Before | After | |||
| Dr. | Cr. | Dr. | Cr. | |
| Cash | $10900 | $10900 | ||
| Accounts Receivable | 8800 | 9400 | ||
| Supplies | 2500 | 500 | ||
| Prepaid Insurance | 4000 | 2500 | ||
| Equipment | 16000 | 16000 | ||
| Accumulated Depreciation—Equipment | $3600 | $4800 | ||
| Accounts Payable | 5800 | 5800 | ||
| Salaries and Wages Payable | 0 | 1100 | ||
| Unearned Rent Revenue | 1800 | 800 | ||
| Common Stock | 10000 | 10000 | ||
| Retained Earnings | 5500 | 5500 | ||
| Dividends | 2800 | 2800 | ||
| Service Revenue | 34000 | 34600 | ||
| Rent Revenue | 12100 | 13100 | ||
| Salaries and Wages Expense | 17000 | 18100 | ||
| Supplies Expense | 0 | 2000 | ||
| Rent Expense | 10800 | 10800 | ||
| Insurance Expense | 0 | 1500 | ||
| Depreciation Expense | 0 | 1200 | ||
| $72800 | $72800 | $75700 | $75700 | |
Instructions
Prepare the adjusting entries that were made.
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