Prepare atrial balance at Ady J1 on worksheet Enter the folo

Prepare atrial balance at Ady J1 on worksheet. Enter the folowng adjustments on the worksheet and complete the worksheet. (1) Unbilled and uncollected revenue for services performed at July 31 were $2,600 (2) Depreciation on equipment for the monith was $400 (3) One-twvelfth of the insrance expired (4) An inventory count shows $600 of cleaning supplies on hand at 3uly 31 (5) Accrued but unpaid empleyee salaries were $1,040 Adjusted Trial Balance Balance Sheet Dr. Cr. Dr. Cr. Dr. Accounts Recelvable Supplies Prepaid Insurance Accounts Payable Owner\'s Capital Owner\'s Drewings Service Revenue Gasoline Expense Salaries and weges Expense Deprecistion Expense Insurance Expense Supplies Exgense Salaries and Wages Peyable Totals et Inceme Totals

Solution

ANYA\'S CLEANING SERVICE Worksheet Account Trial Balance Adjustments Adjusted Income statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 5740 5740 5740 Accounts Receivable 7400 2600 10000 10000 Supplies 2100 1500 600 600 Prepaid Insurance 1800 150 1650 1650 Equipment 9100 9100 9100 Accounts Payable 4300 4300 4300 Owner\'s Capital 19800 19800 21350 Owner\'s Drawings 5700 5700 Service Revenue 10700 2600 13300 13300 General Expenses 360 360 360 Salaries and wages expense 2600 1040 3640 3640 34800 34800 Depreciation expense 400 400 400 Accumulated Depreciation - Equipment 400 400 400 Insurance expense 150 150 150 Supplies Expense 1500 1500 1500 Salaries and wages payable 1040 1040 1040 Totals 5690 5690 38840 38840 6050 13300 27090 27090 Net Income 7250 Totals 5690 5690 38840 38840 13300 13300 27090 27090 ANYA\'S CLEANING SERVICE Adjusting Journal Entires for the month ending July 31 Event Account Title Debit Credit 1 Accounts Receivable 2600 Service Revenue 2600 (Unbiled and uncollected service revenue) 2 Depreciation expense 400 accumulated Depreciation - Equipment 400 (Depreciation expense for the month) 3 Insurance Expense 150 Prepaid Insurance 150 (Insurance Expired for the month) 4 Supplies expense 1500 Supplies 1500 (Supplies used for the month) 5 Salaries and Wages Expense 1040 Salaries and Wages Payable 1040 (Salaries accured and unpaid for the month) ANYA\'S CLEANING SERVICE Closing Journal Entires for the month ending July 31 Event Account Title Debit Credit 1 Service Revenue 13300 Income summary 13300 (Closing of revenue account) 2 Income summary Salaries and wages expense 3640 Supplies expense 1500 Depreciation expense 400 General expense 360 Insurance Expense 150 (Closing of expense accounts) 3 Income summary 7050 Owner\'s capital 7050 (Closing of net income to Owner\'s capital) 4 Owner\'s capital 5700 Owner\'s Drawings 5700 (Closing of Owner\'s drawinga account) ANYA\'S CLEANING SERVICE Post Closing Trial Balance July 31 Account Trial Balance Debit Credit Cash 5740 Accounts Receivable 10000 Supplies 600 Prepaid Insurance 1650 Equipment 9100 Accumulated deprecition - Equipment 400 Accounts Payable 4300 Salaries and wages payable 1040 Owner\'s Capital 21350 Total 27090 27090 ANYA\'S CLEANING SERVICE Statement of owner\'s Capital July 31 Balance, July 1 19800 Net income 7250 Total 27050 Drawings 5700 Balance, July 31 21350