3 Adjusting the Accounts 1. Supplies on hand at October 31 total $500. 2. Expired insurance for t… Assignment Help

  

3 Adjusting the Accounts 1. Supplies on hand at October 31 total $500. 2. Expired insurance for the month is $100. 3. Depreciation for the month is $50. $600 were perf 4. Services related to unearned service revenue in October worth 5. $300. 6. Interest accrued at October 31 is $95. 7. Accrued salaries at October 31 are $1,625. Instructions above. Prepare the adjusting entries for the items E3-10 The income statement of Gopitkumar Co. for the month of July shows net i $1,400 based on Service Revenue $5,500, Salaries and wages Expense $2.300 s upple Expense 300 s upple Expense $1,200, and Utilities Expense $600. In reviewing the statement, you discover ect income following 1. Insurance expired during July of $400 was omitted. 2. Supplies expense includes 0 of supplies that are still on hand at July 31. 3. Depreciation on equipment of $150 was omitted. of $300 were not included. 4. salaries and wages at July 31 5. Services performed but unrecorded totaled $650. Instructions Prepare a correct income statement for July 2015. E3-11 A partial adjusted trial balance of Gehring Company at January 31, 2015, show ed data. the following. GEHRING COMPANY Adjusted Trial Balance January 31, 2015 7131 Ins

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