Neez help journalizing adjusting entries. ABC Landscaping Company Unadjusted Tri

Question

Neez help journalizing adjusting entries.

ABC Landscaping Company Unadjusted Trial Balance November 16, 2016 Debit 110 Cash $40,860 120 Accounts Recevable 130 Supplies 140 Prepaid Insurance 6,550 2.100 1 200 100,000 75,000 150 Land 160 Buiding 161 Accumulaled Depreciahion Buiding 170 Landscaping Equipment 171 Accumulated Depreciation Landscaping Equipment 210 Accounts Payable 10.500 29,200 8 220 Unearned Landscaping Revenue 19 230 Wages Payable 20 310 Jane Doe, Capital 21 320 Jane Doe Drawings 3,500 23.100 22 410L andscaping Reveue 23510 Wages Exp 24 520 Rent Exp 25 530 Depreciation Exp Buikding 26-540 Depreciation Ep-1 andscaping Equiprient 4800 3,000 550UMthes Exp 2 240 28 560 Supplies Experse 29 5rD Insurarce Expense 0580 Misc Total S 260,850 250,850 You have airoady ourngized andl oosted routne cntrnes throuoh the mooth of Nowumber ans created your Unodustest Trist Directions : Journal : Ledger Ad usted Trial Balance : Financial Statements

Explanation / Answer

Note: As per your requirement I am only making adjusting journal entries;

S. No

Accounts Title & Explanation

Debit

Credit

(a).

Unearned Landscaping Revenue

$12000

      Landscaping Revenue

$12000

(Adjusting entry for recording recognized landscaping recenue)

(b).

Depreciation Exp.- Building

$300

      Accumulated Depreciation - Building

$300

(Adjusting entry for recording depreciation on building)

(C).

Depreciation Exp.- Landscaping Equipment

$175

     Acc. Depreciation - Landscaping Equipment

$175

(Adjusting entry for recording depreciation on equipment)

(d).

Insurance Expense ($1200 / 12)

$100

      Prepaid Insurance

$100

(Adjusting entry for insurance expense)

(e).

Supplies Expense

$600

      Supplies

$600

(Adjusting entry for supplies expense)

(f).

Accounts Receivable

$15000

      Landscaping revenue

$15000

(Adjusing entry for recording landscaping revenue)

(g).

Wages Expenses

$1000

      Wages Payable

$1000

(Adjusting entry for accrued wages)

S. No

Accounts Title & Explanation

Debit

Credit

(a).

Unearned Landscaping Revenue

$12000

      Landscaping Revenue

$12000

(Adjusting entry for recording recognized landscaping recenue)

(b).

Depreciation Exp.- Building

$300

      Accumulated Depreciation - Building

$300

(Adjusting entry for recording depreciation on building)

(C).

Depreciation Exp.- Landscaping Equipment

$175

     Acc. Depreciation - Landscaping Equipment

$175

(Adjusting entry for recording depreciation on equipment)

(d).

Insurance Expense ($1200 / 12)

$100

      Prepaid Insurance

$100

(Adjusting entry for insurance expense)

(e).

Supplies Expense

$600

      Supplies

$600

(Adjusting entry for supplies expense)

(f).

Accounts Receivable

$15000

      Landscaping revenue

$15000

(Adjusing entry for recording landscaping revenue)

(g).

Wages Expenses

$1000

      Wages Payable

$1000

(Adjusting entry for accrued wages)

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