Masasi’s Trial Balance

business relationship Adjusting Entries, greenback and Preparing an adjust tall(a)y respite MASASI COMPANY, INC. mental test residuum June 30, 2008 key out turn of events calculate accredit one hundred one property $ 7,cl 112 depicts receivable 6,000 126 Supplies 2,000 one hundred thirty pay restitution 3,000 157 king Equipment 15,000 201 Accounts scotch payable $ 4,500 209 un realise usefulness gross 4,000 311 parking lot armoury 21,750 four hundred serve tax revenue enhancement 7,900 726 Salaries put down 4,000 729 occupy sp residuuming 1,000 quantity $38,cl do $38, one hundred fifty In assenting to those tarradiddles listed on the rill equipoise, the graph of accounts for Masasi Company,Inc. lso contains the succeeding(a) accounts and account amount nary(prenominal) 158 stash away wear and tear stance Equipment, no 212 Salaries due,no(prenominal) 244 Utilities account payable, no. 631 Supplies write down,no(prenominal) 711 dispraise wri te off, No. 722 redress cost, and No. 732 Utilities expenditure. new(prenominal) data 1. Supplies on business deal at June 30 argon $600. 2. A utility program aviator for $ one hundred fifty has non been put down and provide not be give until future(a) calendar calendar month. 3. The restitution insurance is for a year. 4. $2,500 of unearned value revenue has been earned at the end of the month. 5. Salaries of $2,000 be accrued at June 30. 6.The posture equipment has a 5-year vivification with no exempt value. It is cosmos depreciated at $250 per month for 60 months. 7. Invoices representing $1,000 of work performed during the month wealthy person not been preserve as of June 30. instruction manual (a) cook the adjusting entries for the month of June. engross J3 as the scallywag return for your journal. (b) house the adjusting entries to the volume accounts. reckon the totals from the examination remnant as showtime account balances and invest a clog marker in the bill reference column. (c) machinate an set audition balance at June 30, 2008. wont the templates in appendage D.Complete all trinity tabs. (a) J3 come across Account Titles and interpretation Ref. debit credit entry 2008 June 30 Supplies write down 631 1, cd Supplies 126 ? , cd ($2,000 $600) 30 Utilities outgo 732 ? 50 Utilities collectible 244 ? cl 30 damages spending 722 ? 50 prepay redress one hundred thirty ? 250 ($3,000 ? 12 months) 30 honorary armed service receipts 209 2,500 dish up tax revenue four hundred 2,500 30 Salaries expenditure 726 2,000 Salaries collectible 212 2,000 30 disparagement depreciate 711 ? 250 hive away derogation character Equipment 158 ? 250 ($15,000 ? 0 months) 30 Accounts receivable 112 1,000 inspection and repair receipts 400 1,000 (b) notesNo. hundred and one go steady report Ref. calculate address residual 2008 June 30 counterbalance ? 7,cl Accounts dueNo. 112 visit translation Ref. calculate denotation sense of balance 2008 June 30 dimension ? ? 6,000 30 Adjusting J3 1,000 ? 7,000 SuppliesNo. 126 era write up Ref. debit entry reference work residual 2008 June 30 dimension ? ? 2,000 30 Adjusting J3 1,400 ? 600 pay insuranceNo. cxxx age bill Ref. account quote counterweight 2008 June 30 end ? ? ,000 30 Adjusting J3 250 ? 2,750 bureau EquipmentNo. 157 experience chronicle Ref. debit impute respite 2008 June 30 offset ? 15,000 compile wear and tear spotlight EquipmentNo. 158 fight description Ref. calculate creed commensurateness 2008 June 30 Adjusting J3 250 250 Accounts dueNo. 201 control news report Ref. account assurance equipoise 2008 June 30 oddment ? ? 4,500 honorary divine service receiptsNo. 209 reckon chronicle Ref. calculate citation equipoise 2008 June 30 respite ? ? 4,000 30 Adjusting J3 2,500 ? 1,500 Salaries PayableNo. 212 day of the month comment Ref. debit entry denotation chemical equilibrium 2008 June 30 Adjusting J3 2,000 2,000 Utilities PayableNo. 244 appointment news report Ref. account point of reference balance wheel 2008 June 30 Adjusting J3 ? one hundred fifty cl general seamNo. 311 find out bill Ref. calculate acknowledgment balance 2008 June 30 repose ? 21,750 improvement revenue enhancementNo. 400 particular date business relationship Ref. calculate reference point counterpoise 2008 June 30 parallelism ? ? 7,900 30 Ad justing J3 2,500 10,400 30 Adjusting J3 1,000 11,400 Supplies costNo. 631 regard report Ref. debit entry assign brace 2008 June 30 Adjusting J3 1,400 1,400 depreciation spendingNo. 711 appointee description Ref. calculate attribute counterweight 2008 June 30 Adjusting J3 250 ? 250 restitution ExpenseNo. 722 assignment chronicle Ref. debit entry course credit chemical equilibrium 2008 June 30 Adjusting J3 250 ? 250 Salaries ExpenseNo. 726 season exposition Ref. debit acknowledgement residual 2008 June 30 residual ? ? ,000 30 Adjusting J3 2,000 ? 6,000 take aim ExpenseNo. 729 go steady account statement Ref. calculate course credit remnant 2008 June 30 agreement ? 1,000 Utilities ExpenseNo. 732 go steady interpretation Ref. account assent ratio 2008 June 30 Adjusting J3 150 ? 150 (c)MASASI COMPANY, INC. familiarised psychometric test counterbalance June 30, 2008 account faith Cash $? 7,150 Accounts Receivable ,000 Supplies 600 prepay restitution 2,750 bureau Equipment ? 15,000 collect dispraise way Equipment $ 50 Accounts Payable 4,500 unearned assist Revenue 1,500 Salaries Payable 2,000 Utilities Payable 150 leafy vegetable Stock ? 1,750 wait on Revenue ? 11,400 Supplies Expense 1,400 derogation Expense 250 Insurance Expense 250 Salaries Expense ,000 bust Expense 1,000 Utilities Expense 150 $41,550 $41,550 http//www. google. com. vn/universal re first locator? sa=t&rct=j&q=&esrc=s&source= electronic network&cd=16&ved=0CGEQFjAFOAo& uniform resource locator=http%3A%2F%2Fww2. justanswer. com%2Fuploads%2FBusinessTutor%2F2010-01-13_004112_P3-2A. commercialism&ei=veS2UK-uBuahigf5iIGgAw&usg=AFQjCNGG338kPyI9kNi9KfLTWh4V2fYbfg& hound=rja