Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

تمرين 50

Preparing adjusting entries and preparing an adjusted trial balance
This exercise continues the Lawlor Lawn Service, Inc., situation from Exercise 2-61 of Chapter 2. Start from the trial balance and the posted T-accounts that Lawlor Lawn Service prepared at May 31, 2012.
Requirements
1. Open these additional T-accounts: Accumulated depreciation-equipment; Depreciation expense-equipment; Supplies expense.
2. Mindy Lawlor determines there are $40 in Lawn supplies left at May 31, 2012. Depreciation on the equipment was $30 for the month. Journalize any required adjusting journal entries.
3. Post to the T-accounts, keying all items by date.
4. Prepare the adjusted trial balance, as illustrated in Exhibit 3-8.