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QUESTION

MATSUI COMPANY Trial Balance(in 000) December 31 Before Adjustmen

MATSUI COMPANY

Trial Balance(in 000)

December 31

———————————————————————————————————————————

                                                                                           Before Adjustment                              After Adjustment

                                                                                         Dr.                Cr.                                  Dr.                  Cr.           

Cash                                                                             ¥ 2,000                                                    ¥ 2,000

Accounts Receivable                                                   2,800                                                        3,900

Prepaid Rent                                                                  2,100                                                        1,300

Supplies                                                                           1,200                                                            700

Equipment                                                                    18,000                                                      18,000

Accumulated Depreciation—

Equipment                                                                                                 ¥ 1,300                                                    ¥ 1,500

Accounts Payable                                                                                         2,700                                                        3,200

Notes Payable                                                                                             10,000                                                      10,000

Interest Payable                                                                                                                                                                    120

Salaries and Wages Payable                                                                                                                                             600

Unearned Service Revenue                                                                      4,460                                                        4,060

Share Capital-Ordinary                                                                              7,200                                                        7,200

Dividends                                                                        3,200                                                        3,200

Service Revenue                                                                                           8,000                                                        9,500

Salaries and Wages Expense                                    2,060                                                        2,660

Utilities Expense                                                           1,800                                                        2,300

Rent Expense                                                                     500                                                        1,300

Supplies Expense                                                                                                                                  500

Depreciation Expense                                                                                                                         200

Interest Expense                                                                                             120             

     Totals                                                                     ¥33,660               ¥33,660                   ¥36,180                ¥36,180

make a journal form, with an explanation, an adjustment entry that explains the change
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