Business, 01.03.2021 19:00 Phalanndwachris8740
Adjusting Entries from Trial Balances The accountant for Eva’s Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts of the adjustments are correct. Eva's Laundry Trial Balance May 31, 20Y3 Unadjusted Adjusted Debit Balances Credit Balances Debit Balances Credit Balances Cash 8,740 8,740 Accounts Receivable 21,200 25,440 Laundry Supplies 4,240 6,230 Prepaid Insurance* 6,040 1,630 Laundry Equipment 220,160 213,170 Accumulated Depreciation—Laundry Equipment 55,900 55,900 Accounts Payable 11,180 11,180 Wages Payable 1,400 Eva Baldwin, Capital 128,500 128,500 Eva Baldwin, Drawing 33,400 33,400 Laundry Revenue 210,640 210,640 Wages Expense 57,310 57,310 Rent Expense 29,810 29,810 Utilities Expense 21,590 21,590 Depreciation Expense 6,990 Laundry Supplies Expense 1,990 Insurance Expense 930 Miscellaneous Expense 3,730 3,730 406,220 406,220 410,960 407,620 *4,410 of insurance expired during the year. Identify the errors in the accountant’s adjusting entries, assuming that none of the accounts were affected by more than one adjusting entry. If an amount box does not require an entry, leave it blank.
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Adjusting Entries from Trial Balances The accountant for Eva’s Laundry prepared the following unadju...
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