The trial balances shown below are before and after adjustment for Bere Company at the end of its fiscal year.
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BERE COMPANY
Trial Balance
August 31, 2014
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Before
Adjustment
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After
Adjustment
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Dr.
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Cr.
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Dr.
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Cr.
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Cash
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$11,300
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$11,300
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Accounts Receivable
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8,160
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8,820
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Supplies
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2,700
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1,460
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Prepaid Insurance
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4,300
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2,830
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Equipment
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16,400
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16,400
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Accumulated Depreciation-Equipment
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$ 3,280
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$ 4,480
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Accounts Payable
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5,750
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5,750
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Salaries and Wages Payable
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0
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1,400
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Unearned Rent Revenue
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2,090
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1,230
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Common Stock
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17,000
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17,000
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Retained Earnings
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5,700
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5,700
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Dividends
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2,800
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2,800
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Service Revenue
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34,500
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35,160
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Rent Revenue
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12,800
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13,660
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Salaries and Wages Expense
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16,400
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17,800
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Supplies Expense
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0
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1,240
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Rent Expense
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19,060
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19,060
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Insurance Expense
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0
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1,470
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Depreciation Expense
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0
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1,200
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$81,120
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$81,120
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$84,380
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$84,380
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Prepare the adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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Account Titles and Explanation
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Debit
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Credit
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(To record the service revenue)
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(To record the supplies expense)
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(To record the insurance expense)
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(To record depreciation expense)
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(To record salaries and wages expense)
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(To record rent revenue)
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