Solution-Prepare the adjusting entries

Prepare the adjusting entries

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Reference no: EM131143998

The trial balances before and after adjustment for Frinzi Company at the end of its fiscal year are presented below.

FRINZI COMPANY Trial Balance August 31, 2014
	Before Adjustment		After Adjustment
	Dr.	Cr.	Dr.	Cr.
Cash	$10,172		$10,172
Accounts Receivable	8,660		9,844
Supplies	2,498		638
Prepaid Insurance	3,896		2,678
Equipment	13,959		13,959
Accumulated Depreciation-Equipment		$ 3,715		$ 4,420
Accounts Payable		5,765		5,765
Salaries and Wages Payable		0		1,212
Unearned Rent Revenue		1,538		684
Owner's Capital		15,182		15,182
Service Revenue		34,045		35,229
Rent Revenue		11,177		12,031
Salaries and Wages Expense	17,175		18,387
Supplies Expense	0		1,860
Rent Expense	15,062		15,062
Insurance Expense	0		1,218
Depreciation Expense	0		705
	$71,422	$71,422	$74,523	$74,523

Prepare the adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Reference no: EM131143998

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Prepare the adjusting entries : The trial balances before and after adjustment for Frinzi Company at the end of its fiscal year are presented.- Prepare the adjusting entries that were made.

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Prepare the adjusting entries

Reference no: EM131143998

Reference no: EM131143998

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