The unadjusted and adjusted trial balances for American Leaf Company on October 31, 2016, follow:
American Leaf Company Trial Balances
october 31, 2016
Unadjusted Adjusted
Debit Balances
Credit Balances
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
Accounts Receivable. . . . . . . . . . . . . . . . . . . . . . . . . . . .
38
44
Supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
10
Prepaid Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20
8
Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26
Equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
40
Accumulated Depreciation—Equipment . . . . . . . . .
Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Wages Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
0
2
Common Stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
72
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fees Earned. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
74
80
Wages Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
Rent Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Insurance Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Utilities Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
Depreciation Expense . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplies Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Miscellaneous Expense . . . . . . . . . . . . . . . . . . . . . . . . .
200
212
Journalize the five entries that adjusted the accounts at October 31, 2016. None of the accounts were affected by more than one adjusting entry.
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