Selected worksheet data for Jane Freeman Company are presented below. Trial Balance Adjusted…

Selected worksheet data for Jane Freeman Company are presented below. Trial Balance Adjusted…

Selected worksheet data for Jane Freeman Company are presented below.

Trial Balance Adjusted Trial Balance
Dr. Cr. Dr. Cr.
Accounts Receivable ? 34 000
Prepaid Insurance 26 000 18 000
Supplies 7 000 ?
Accumulated Depreciation 12 000 ?
Salaries Payable ? 5 000
Service Revenue 88 000 95 000
Insurance Expense ?
Depreciation Expense 10 000
Supplies Expense 4 000
Salaries Expense ? 49 000

Instructions
(a) Fill in the missing amounts.

Trial Balance Adjusted Trial Balance
Dr. Cr. Dr. Cr.
Accounts Receivable 34 000
Prepaid Insurance 26 000 18 000
Supplies 7 000
Accumulated Depreciation 12 000
Salaries Payable 5 000
Service Revenue 88 000 95 000
Insurance Expense
Depreciation Expense 10 000
Supplies Expense 4 000
Salaries Expense 49 000

(b) Prepare the adjusting entries that were made.

Accounts Receivable
Service Revenue
Insurance Expense
Prepaid Insurance
Depreciation Expense
Accumulated Depreciation
Salaries Expense
Salaries Payable
Supplies Expense
Supplies

Selected worksheet data for Jane Freeman Company are presented below. Trial Balance Adjusted…

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