"> (Answered) 08 Review the unadjusted trial balance below and prepare adjusting journal entries to record the various described below. Record in the space... - Tutorials Prime

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(Answered) 08 Review the unadjusted trial balance below and prepare adjusting journal entries to record the various described below. Record in the space...


08 Review the unadjusted trial balance below and prepare adjusting journal entries to record the various described below. Record in the space...


Help please. I am having a hard time doing this assignment.B-03.08

 

Review the unadjusted trial balance below and prepare adjusting journal entries to record the vari

 

below.

 

Record in the space provided at the bottom of this spreadsheet.

 

After completing journal e

 

adjusted trial balance below.

 

Lastly complete the income statement, statement of retained earnin

 

It is important to prepare your statements in the order listed because information Fows from one

 

The balance sheet must balance.

 

The accounting equation is Assets = Liabilities + Equity.

 

Baltimore Corporation

 

Unadjusted Trial Balance

 

January 31, 2016

 

Debits

 

Credits

 

Cash

 

$

 

25,100

 

$

 

-

 

Accounts receivable

 

33,650

 

-

 

Prepaid insurance

 

1,200

 

-

 

Supplies inventory

 

5,890

 

-

 

Equipment

 

48,000

 

-

 

Accumulated depreciation

 

-

 

9,600

 

Accounts payable

 

-

 

7,569

 

Salaries payable

 

-

 

-

 

Interest payable

 

-

 

-

 

Unearned revenue

 

-

 

7,500

 

Loan payable

 

-

 

12,500

 

Capital stock

 

-

 

25,000

 

Retained earnings, Jan. 1

 

-

 

38,158

 

Revenues

 

-

 

43,995

 

Depreciation expense

 

-

 

-

 

Interest expense

 

-

 

-

 

Insurance expense

 

-

 

-

 

O±ce expense

 

2,860

 

-

 

Rent expense

 

11,500

 

-

 

Salary expense

 

16,122

 

-

 

Supplies expense

 

-

 

-

 

Utilities expense

 

-

 

-

 

$

 

144,322

 

$

 

144,322

 


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