Derive adjusting entries from worksheet data. E4.6 (LO 1) Selected worksheet data for Elsayed…

Derive adjusting entries from worksheet data. E4.6 (LO 1) Selected worksheet data for Elsayed Company are presented below. Account Titles Trial Balance Dr. Cr. Adjusted Trial Balance Dr. 34.000 20,000 26,000 7,000 12,000 Accounts Receivable Prepaid Insurance Supplies Accumulated Depreciation Equipment Salaries and Wages Payable Service Revenue Insurance Expense Depreciation Expense Supplies Expense Salaries and Wages Expense 88.000 5,600 97,000 10,000 4,500 49,000 Instructions a. Fill in the missing amounts b. Prepare the adjusting entries that were made. Prepare closing entries, and prepare a post-closing trial balance. 54.7 (L02) Kay Magill Company had the following adjusted trial balance. Kay Magill Company Adjusted Trial Balance For the Month Ended June 30, 2020 ACASA Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable Adjusted Trial Balance Debit Credit $ 3.712 3,904 480 S 1.556 160 4,000 1,760 628 4,300 1,344 256 1.900 448 $12,224 $12,224 Instructions a. Prepare closing entries at June 30, 2020. b. Prepare a post-closing trial balance.


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