Question - Shanklin Corporations unadjusted trial balance as of June 30, 2018 is as shown below: DEBIT Cash 13000, AR 1500, Prepaid Insurance 600, Supplies 3800, Equipment 30000, Dividends 4800, Wages Expense 14000..... CREDIT Accumulated depreciation equipment 12000, unearned fees 6700, Common Stock 24000, Fees Earned 25000
Write the adjusting journal entry and adjusted trial balance.
1. At the end of the month, Shanklin had rendered $300 of services to customers for which it has not yet been paid.
2. During the month, Shanklin used $600 of insurance coverage.
3. At the end of the month, a physical count of Supplies revealed $3,000 on hand.
4. Shanklin estimated that $5,500 of the equipment had been used during the month.
5. At the end of the month, Shanklin owed employees $900 for work not yet paid for.
6. During the month, Shanklin provided $400 of services to customers for which it had received cash in advance.