PROBLEM I The trial balance of Goldsmith Company shown below pertains to December 31, 2012, which… Assignment Help


Show transcribed image text PROBLEM I The trial balance of Goldsmith Company shown below pertains to December 31, 2012, which is the end of its year long accounting period. Data needed for the adjusting entries include the following: a. Supplies on hand at year end $2,000 b. Depreciation on furniture and fixtures $20,000 c. Depreciation on building $10,000 d. Salaries owed but not yet paid $5,000 e. Accrued service revenue ,000 f of the $45,000 balance of unearned service revenues ,000 was earned during the year. g. Insurance expired was $5,000. Required 1. Journalize the Goldsmith Company adjusting entries at December 31, 2012, key entries by letter. 2. Post the adjusting entries to the worksheet. 3. Complete the worksheet.

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