Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance Appendix DD
UOP College Assignment Material
Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance
Posting Entries
Use this General Ledger to post adjusting entries to all ledger accounts for Modine Company, Inc. The first two accounts are completed for you. Make sure you: a) Fill in the correct information, including account titles and numbers for the remaining accounts; and b) Place a check mark in the reference column, when applicable. You can copy the check mark in the Cash account and paste it when you want to use it.
GENERAL LEDGER
Account:
Cash
DATE
EXPLANATION
31-May-2008 Balance
REF.
√
DEBIT
CREDIT
Account:
DATE
31-May-2008
31-May-2008
Accounts Receivable
EXPLANATION
Balance
Adjusting
REF.
√
J4
DEBIT
CREDIT
Account:
DATE
31-May
31-May-08
Supplies
EXPLANATION
Balance
Adjusting
REF.
√
J4
DEBIT
Account:
DATE
31-May-08
31-May-08
Insurance (prepaid)
EXPLANATION
Balance
Adjusting
REF.
√
J4
DEBIT
REF.
√
J4
DEBIT
CREDIT
DEBIT
CREDIT
160
Account:
Office Furniture
DATE
EXPLANATION
31-May-08 Balance
Account:
Accumulated Depreciation of Office furniture
DATE
EXPLANATION
REF.
31-May-08 Adjusting
J4
Account:
1,000
CREDIT
500.00
CREDIT
200
Accounts Payable
b) Post to Ledger Accounts
DATE
EXPLANATION
31-May-08 Balance
REF.
√
DEBIT
CREDIT
3,500
Account:
Unearned Service Revenue
DATE
EXPLANATION
31-May-08 Balance
Adujsting
REF.
√
J4
DEBIT
CREDIT
REF.
DEBIT
Salaries Payable
DATE
EXPLANATION
31-May-08 Balance
Adjusting
2,000
J4
CREDIT
840
Account:
Travel Payable
DATE
EXPLANATION
31-May-08 Adjusting
REF.
J4
DEBIT
CREDIT
200
Account:
Common Stock
DATE
EXPLANATION
31-May-08 Balance
REF.
√
DEBIT
CREDIT
Account:
Service Revenue
DATE
EXPLANATION
31-May-08 balance
Adjusting
REF.
√
J4
DEBIT
CREDIT
Supplies Expense
DATE
Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance
Posting Entries
Use this General Ledger to post adjusting entries to all ledger accounts for Modine Company, Inc. The first two accounts are completed for you. Make sure you: a) Fill in the correct information, including account titles and numbers for the remaining accounts; and b) Place a check mark in the reference column, when applicable. You can copy the check mark in the Cash account and paste it when you want to use it.
GENERAL LEDGER
Account:
Cash
DATE
EXPLANATION
31-May-2008 Balance
REF.
√
DEBIT
CREDIT
Account:
DATE
31-May-2008
31-May-2008
Accounts Receivable
EXPLANATION
Balance
Adjusting
REF.
√
J4
DEBIT
CREDIT
Account:
DATE
31-May
31-May-08
Supplies
EXPLANATION
Balance
Adjusting
REF.
√
J4
DEBIT
Account:
DATE
31-May-08
31-May-08
Insurance (prepaid)
EXPLANATION
Balance
Adjusting
REF.
√
J4
DEBIT
REF.
√
J4
DEBIT
CREDIT
DEBIT
CREDIT
160
Account:
Office Furniture
DATE
EXPLANATION
31-May-08 Balance
Account:
Accumulated Depreciation of Office furniture
DATE
EXPLANATION
REF.
31-May-08 Adjusting
J4
Account:
1,000
CREDIT
500.00
CREDIT
200
Accounts Payable
b) Post to Ledger Accounts
DATE
EXPLANATION
31-May-08 Balance
REF.
√
DEBIT
CREDIT
3,500
Account:
Unearned Service Revenue
DATE
EXPLANATION
31-May-08 Balance
Adujsting
REF.
√
J4
DEBIT
CREDIT
REF.
DEBIT
Salaries Payable
DATE
EXPLANATION
31-May-08 Balance
Adjusting
2,000
J4
CREDIT
840
Account:
Travel Payable
DATE
EXPLANATION
31-May-08 Adjusting
REF.
J4
DEBIT
CREDIT
200
Account:
Common Stock
DATE
EXPLANATION
31-May-08 Balance
REF.
√
DEBIT
CREDIT
Account:
Service Revenue
DATE
EXPLANATION
31-May-08 balance
Adjusting
REF.
√
J4
DEBIT
CREDIT
Supplies Expense
DATE