Electro Repairs & Service, an electronics repair store, prepared the unadjusted trial balance shown…


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25

Adjusting entries Electro Repairs & Service, an electronics repair store, prepared the unadjusted trial balance shown below at the end of its first year of operations. Electro Repairs & Service Unadjusted Trial Balance June 30, 2014 Electro Repairs & Service Unadjusted Trial Balance June 30, 2014 Electro Repairs & Service Unadjusted Trial Balance June 30, 2014 Debit Balances Credit Balances Cash . 13,800 Accounts Receivable . 90,000 Supplies 21,600 Equipment . . 154,800 Accounts Payable . . Accounts Payable . . 21,000 Unearned Fees Unearned Fees 24,000 Capital Stock Capital Stock 40,000 Retained Earnings . Retained Earnings . 122,000 Dividends 18,000 Fees Earned . Fees Earned . 393,000 Wages Expense 126,000 Rent Expense 96,000 Utilities Expense 69,000 Miscellaneous Expense 10,800 600,000 600,000

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