Lackawanna ACC105 2021 September Module 3 Assignment Latest

 ACC105 Principles of Accounting 1

Module 3 Assignment

PR3-5A Adjusting entries and adjusted trial balances Obj. 2.3, 4.5. 6

Sears Editing Company is a small editorial services company owned and operated by Decloris Sears. On January 31, 2OWl, the end of the current year, Sears Edkting Company's accounting clerk Prepared the following unadjusted trial balance:

 

 

Bebe ‘Credit

Balances Balances

7.500

a 2.400

is 7.200

co 1980

. 112500

a 1sa2s0

aaa 7.550

a 125,200

a 37.950

. 12150

6.750

75.000

146.000

15.000

324.500

194.370

237s

22800

oe 17.2350

S075

750.000 750.000

Uncapired insurance at January 31, $2400.

Supplies on hand at January 31, $250.

Rent uncarned at January 31, $2,750.

Accrued salarics and wages at January 31, $1,500.

Fees cared but unbilied om January 31, $15,000.

 2. Determine the balances: of the accounts affected by the adjusting entries, and prepare an adjusted trial balance.