XACC 280 Appendix D

Axia College Material
Appendix D
Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance
Adjusting Entries
Use this General Journal to record adjusting entries on June 30, 2008 for Masasi Company, Inc. The first few
lines are completed for you.
GENERAL JOURNAL J3
DATE ACCOUNT TITLE AND EXPLANATION REF. DEBIT CREDIT
June 30 Supplies Expense 631 1,400
Supplies ($2000 - $600) 126 1,400
30 Utilites Expense 732 150
Utilites Payable 244 150
30 Insurance Expense 722 250
Prepaid Insurance 130 250
($3,000 / 12 months
30 Unearned Service Revenue 209 2,500
Service Revenue 400 2,500
30 Salaries Expense 726 2,000
Salaries Payable 212 2,000
30 Depreciation Expense 711 250
Accumulated Depreciation - Office Equipment
Accumulated Depreciation Office Equipment
($15,000 / 60 months 158 250
30 Accounts Receivable 112 1,000
Service Revenue 400 1,000
a) Adjust Entries
Appendix D
Posting Entries
Use this General Ledger to post adjusting entries to all 18 ledger accounts for Masasi Company, Inc. The first two accounts are
completed for you. Make sure you: a) Fill in the correct information, including account titles and numbers for the remaining accou
and b) Place a check mark in the reference column, when applicable. You can copy the check mark in the Cash account and pas
when you want to use it.
GENERAL LEDGER
Account: Cash
DATE EXPLANATION REF. DEBIT CREDIT
30-Jun-2008 Balance √
Account: Accounts Receivable

30-Jun-2008 Adjusting J3 1,000
Account: Supplies
30-Jun-08 Adjusting J3 1,400.00
Account: Prepaid Insurance

30-Jun-08 Adjusting J3 250
Account: Office Equipment

Account: Accumulated Depreciation - Office Equpiment

b) Post to Ledger Accounts

Account: Accounts Payable
Account: Unearned Service Revenue

Account: Salaries Payable

Account: Utilities Payable

Account: Common Stock

Account: Service Revenue

Account: Supplies Expense

Account: Depreciation Expense

Account: Salaries Expense


Appendix D
ing an Adjusted Trial Balance
ledger accounts for Masasi Company, Inc. The first two accounts are
ormation, including account titles and numbers for the remaining accounts;
applicable. You can copy the check mark in the Cash account and paste it
No. 101
BALANCE
7,150
No. 112
BALANCE
6,000
7,000
No. 126
BALANCE
2,000.00
600.00
No. 130
BALANCE
3,000
2,750
No. 157
BALANCE
15,000
No. 158
BALANCE
250

No. 201
BALANCE
4,500
No. 209
BALANCE
4,000
1,500
No. 212
BALANCE
2,000
No. 244
BALANCE
150
No. 311
BALANCE
21,750.00
No. 400
BALANCE
7,900
10,400
11,400
No. 631
BALANCE
1,400
No. 711

BALANCE
250
No. 726
BALANCE
4,000
6,000

Appendix D

Prepare Adjusted Trial Balance
Use this Trial Balance template to prepare an adjusted trial balance for Masasi Company, Inc. at June 30, 2008.
You can place summation formulas at the end of the Debit and Credit columns to compute debit and credit totals.
Otherwise, you can compute totals using a calculator, then enter totals directly.
MASASI COMPANY, INC.

Adjusted Trial Balance
30-Jun-08
ACCOUNTS DEBIT CREDIT
Cash 7,150
Accounts Receivable 7,000
Supplies 600
Prepaid Insurance 2,750
Office Equipment 15,000
Accumulated Depreciation - Office Equipment 250
Accounts Payable 4,500
Unearned Service Revenue 1,500
Salaries Payable 2,000
Utilities Payable 150
Common Stock 21,750
Service Revenue 11,400
Supplies 1,400
Depreciation Expense 250
Insurance Expense 250
Salaries Expense 6,000
Rent Expense 1,000
Utilities Expense 150
Totals $ 41,550.00 41,550
c) Prepare Adjusted Trial Bal.

XACC 280 Appendix D

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Axia College Material

Account: Accounts Receivable

Account: Prepaid Insurance

Account: Office Equipment

Account: Accumulated Depreciation - Office Equpiment

b) Post to Ledger Accounts

Account: Unearned Service Revenue

Account: Salaries Payable

Account: Utilities Payable

Account: Common Stock

Account: Service Revenue

Account: Supplies Expense

Account: Depreciation Expense

b) Post to Ledger Accounts

Account: Salaries Expense

b) Post to Ledger Accounts

b) Post to Ledger Accounts

b) Post to Ledger Accounts

b) Post to Ledger Accounts

Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance

MASASI COMPANY, INC.

c) Prepare Adjusted Trial Bal.

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