Calculate and enter the adjustment amounts

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Reference no: EM13530898

Using the adjusted trial balance to determine the adjusting journal Entries The adjusted trial balance of Jobs-4-U Employment Service, Inc., follows but is incomplete.

JOBS-4-U EMPLOYMENT SERVICE, INC.

Adjusted Trial Balance

April 30, 2012

 

Trial Balance

 

Adjusted Trial Balance

Account

Debit

Credit

Debit

Credit

Cash

$ 900

 

$ 900

 

Accounts receivable

4,100

 

5,600

 

Supplies

1,000

 

500

 

Equipment

32,500

 

32,500

 

Accumulated depreciation

 

$14,400

 

$15,400

Salary payable

 

 

 

1,200

Common stock

 

13,000

 

13,000

Retained earnings

 

10,300

 

10,300

Dividends

4,800

 

4,800

 

Service revenue

 

9,100

 

10,600

Salary expense

2,500

 

3,700

 

Rent expense

1,000

 

1,000

 

Depreciation expense

 

 

1,000

 

Supplies expense

 

 

500

 

Total

$46,800

$46,800

$50,500

$50,500

Requirements

1. Calculate and enter the adjustment amounts directly in the missing Adjustments columns.

2. Prepare each adjusting journal entry calculated in Requirement 1. Date the entries and include explanations.

Reference no: EM13530898

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