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Journalize five entries that adjusted the accounts at august

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Reference no: EM131811673

Question - Adjusting Entries from Trial Balances

The unadjusted and adjusted trial balances for McWay Services Co. on August 31, 2012, are shown below.

McWay Services Co.Trial Balance August 31, 2012

Unadjusted

Adjusted

Debit Balances

Credit Balances

Debit Balances

Credit Balances

Cash

318

318

Accounts Receivable

757

840

Supplies

239

179

Prepaid Insurance

385

231

Land

528

528

Equipment

813

813

Accumulated Depreciation - Equipment

163

266

Accounts Payable

518

518

Wages Payable

0

22

Capital Stock

1,329

1,329

Retained Earnings

500

500

Dividends

165

165

Fees Earned

1,491

1,574

Wages Expense

477

499

Rent Expense

159

159

Insurance Expense

0

154

Utilities Expense

80

80

Depreciation Expense

0

103

Supplies Expense

0

60

Miscellaneous Expense

80

80

4,001

4,001

4,209

4,209

Journalize the five entries that adjusted the accounts at August 31, 2012. None of the accounts were affected by more than one adjusting entry.

Reference no: EM131811673

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