+1-415-670-9189
info@expertsmind.com
Prepare the adjusting entries for matthews company
Course:- Managerial Accounting
Reference No.:- EM13546176




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Managerial Accounting

The trial balances before and after adjustment for Matthews Company at the end of its fiscal year are presented on the next page.


MATTHEWS COMPANY




Trial Balance





August 31, 2012




Dr.

Cr.

Dr.

Cr.

Cash

10,400


$10,400


Accounts Receivable

8,800


10,800


Supplies

2,300


900


Prepaid Insurance

4,000


2,500


Equipment

14,000


14,000


Accumulated Depreciation-Equipment


$ 3,600


$ 4,500

Accounts Payable


5,800


5,800

Salaries and Wages Payable


-0-


1,100

Unearned Rent Revenue


1,500


600

Owner's Capital


15,600


15,600

Service Revenue


34,000


36,000

Rent Revenue


11,000


11,900

Salaries and Wages Expense

17,000


18,100


Supplies Expense

-0-


1,400


Rent Expense

15,000


15,000


Insurance Expense

-0-


1,500


Depreciation Expense

-0-


900



$71,500

$71,500

$75,500

$75,500

Instructions

Prepare the adjusting entries that were made.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Managerial Accounting) Materials
Compute the NPV and IRR of each project. If there were no budget constraint, which projects would you recommend - In words, describe how the analysis might change if the oppo
Perform an Internet search using the term, "activity based costing customer success stories," and locate an article (less than one year old) from the results of your search.
Assume that Mucky Duck uses target costing. What is the price that Mucky Duck would charge the retailer for the All-Body swimsuit? What is the highest acceptable manufactur
Explain how management determined that only 4.7 million of new options would be granted in exchange for the 14.3 million options tendered. In other words, why might manageme
$84,000 in raw materials were requisitioned for use in production. Of this amount, $72,000 was for direct materials and the remainder was for indirect materials. Total labor w
Journalize each transaction and post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each a
Why would a business like UPS or eBay be concerned with looking at contribution margin by market segment? Can you recognize kinds of market segments?
What is the total product purchased by Adriana? What implications does this have for the management accounting information system?  How does the strategic positioning differ