Adjusting and closing entries. Williams Cleaning and Maintenance, owned by Jay Williams, provides cleaning services to hotels, motels, and hospitals. On January 31, 2013, the firm's worksheet showed the following adjustment data. The balances of the revenue and expense accounts listed in the Income Statement section of the worksheet and the drawing account listed in the Balance Sheet section of the worksheet are also given. 11eb7c08_163c_38d4_9ab5_cd3da8513443_SM1558_00 11eb7c08_163c_38d5_9ab5_a7b76c60872b_SM1558_00 INSTRUCTIONS 1. Record the adjusting entries in the general journal, page 3. 2. Record the closing entries in the general journal, page 4. Use account numbers provided on page 186 for any account number not given. Analyze: What effect did the adjusting entry for expired insurance have on the Insurance Expense account?

College Accounting 2nd Edition by David Haddock, John Price,Michael Farina

النسخة 2الرقم المعياري الدولي: 978-0073396958

College Accounting 2nd Edition by David Haddock, John Price,Michael Farina

النسخة 2الرقم المعياري الدولي: 978-0073396958

تمرين 18

Adjusting and closing entries.
Williams Cleaning and Maintenance, owned by Jay Williams, provides cleaning services to hotels, motels, and hospitals. On January 31, 2013, the firm's worksheet showed the following adjustment data. The balances of the revenue and expense accounts listed in the Income Statement section of the worksheet and the drawing account listed in the Balance Sheet section of the worksheet are also given.

INSTRUCTIONS
1. Record the adjusting entries in the general journal, page 3.
2. Record the closing entries in the general journal, page 4. Use account numbers provided on page 186 for any account number not given.
Analyze: What effect did the adjusting entry for expired insurance have on the Insurance Expense account?

التوضيح

موثّق

(1)
$8,580 worth of supplies used is the...