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B-03 09student

Professor Campbell lectured on adjusting entries and illustrated examples using T-accounts. Candice arrived late and could only copy portions of the examples. You are to complete the missing portions of each T-account and record the adjusting entries for December 31, 20X1. The examples include transactions for unearned revenue, prepaid insurance, accrued salaries, accumulated depreciation, and prepaid supplies.

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mnrk 1997
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82 views5 pages

B-03 09student

Professor Campbell lectured on adjusting entries and illustrated examples using T-accounts. Candice arrived late and could only copy portions of the examples. You are to complete the missing portions of each T-account and record the adjusting entries for December 31, 20X1. The examples include transactions for unearned revenue, prepaid insurance, accrued salaries, accumulated depreciation, and prepaid supplies.

Uploaded by

mnrk 1997
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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B-03.

09

Professor Wayne Campbell recently lectured on adjusting entries. As he did so, he prepared T-accounts on a
marker board to illustrate the key points he was making.
As he was erasing his illustrations from the board, Candice Greenhaw arrived late to class. She was only able
to copy the following portions of the T-account illustrations from the board.
You are to help Candice recreate the lecture by completing the missing portions of each T-account. Then,
prepare the adjusting entries for December 31, 20X1.

Example 1:
Unearned Revenues Revenues
12/31/X1 18,000 25,000 12/1/X1 178,976 Various
23,900 12/15/X1 12/31/X1
18,000

30,900

Example 2:
Prepaid Insurance Insurance Expense
Beg. Bal. 15,000 12/31/X1
12/10/X1 5,000

20,000

13,000

Example 3:
B-03.09

Salaries Expense Salaries Payable


Various 21,500 12/31/X1
12/15/X1 2,500
12/31/X1
27,000

Example 4:
Depreciation Expense Accumulated Depreciation
Various 23,900 89,000 Beg. Bal.
12/31/X1 12/31/X1
25,200

Example 5:
Supplies Supplies Expense
Beg. Bal. 0 12/31/X1
12/9/X1 3,400
3,400

1,600
Name:
B-03.09
Date: Section:

Example 1:

12/31/X1 Unearned Revenues 18,000


Revenues 18,000
To record previously collected revenues now earned

Example 2:
Name:
B-03.09
Date: Section:

Example 3:

Example 4:
Name:
B-03.09
Date: Section:

Example 5:

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