I only need E4-17 answered, E4-16 is here for reference. E4-16


Question Description:

35

I only need E4-17 answered, E4-16 is here for reference. E4-16 The trial balances shown below are before and after adjustment for Bere Company at the end of its fiscal year. Prepare adjusting entries from analysis of trial balance. (LO 4, 5, 6), AP BERE COMPANY Trial Balance August 31, 2014 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,900 $10,900 Accounts Receivable 8,800 9,400 Supplies 2,500 500 Prepaid Insurance 4,000 2,500 Equipment 16,000 16,000 Accumulated Depreciation—Equipment $ 3,600 $ 4,800 Accounts Payable 5,800 5,800 Salaries and Wages Payable 0 1,100 Unearned Rent Revenue 1,800 800 Common Stock 10,000 10,000 Retained Earnings 5,500 5,500 Dividends 2,800 2,800 Service Revenue 34,000 34,600 Rent Revenue 12,100 13,100 Salaries and Wages Expense 17,000 18,100 Supplies Expense 0 2,000 Rent Expense 10,800 10,800 Insurance Expense 0 1,500 Depreciation Expense 0 1,200 $72,800 $72,800 $75,700 $75,700 Instructions Prepare the adjusting entries that were made. E4-17 The adjusted trial balance for Bere Company is given in E4-16. Prepare financial statements from adjusted trial balance . (LO 6), AP Instructions Prepare the income and retained earnings statements for the year and the classified balance sheet at August 31. Illustrations 4-27 and 4-28 on pages 184 through 185 of our textbook are very good examples to use to help you with E4-17. I have added the illustrations for reference. ATTACHMENT PREVIEW Download attachment 184.jpg jrodgers
posted a question · Feb 14, 2016 at 5:18pm

Answer

35