a ) The type of adjustment ............ b ) The status of accounts before adjustment ............
E3-7 : The ledger of Villa Rental Agency on march 31 of the current year includes the selected accounts , shown below , before adjusting entries have been prepared . ............
An analysis of the accounts shows the following . Prepare the adjusting entries at March 31 , assuming that adjusting entries are made quarterly . Additional accounts are : Depreciation Expense , Insurance Expense , Interest Payable , and Supplies Expense .
E3-11 : A partial adjusted trial balance of Ruiz Company at January 31 , 2014 , shows the following . ............
a ) If the amount in Supplies Expense is the January 31 adjusting entry , and $ 670 of supplies was purchased in January , what was the balance in Supplies on January 1 ? ............
b ) If the amount in Insurance Expense is the January 31 adjusting entry , and the original insurance premium was for one year , what was the total premium and when was the policy purchased ? ............
c ) If $ 3,300 of salaries was paid in January , what was the balance in Salaries and Wages Payable at December 31 , 2013 ? ............
P3-2A : Lazy River Resort opened for business on June 1 with eight air-conditioned units . Its trial balance before adjustment on August 31 is as follows .
a ) Journalize the adjusting entries on August 31 for the 3-month period June 1 – August 31 . ............
b ) Prepare a ledger using the three-column form of account . Enter the trial balance amounts and post the adjusting entries ............