The trial balances before and after adjustment for Sandhill Co. at the end of the fiscal year are as follows.
SANDHILL CO.
Trial Balance
August 31, 2022
Before
Adjustment
After
Adjustment
Dr.
Cr.
Dr.
Cr.
Cash
$13,516
$13,516
Accounts Receivable
10,912
11,656
Supplies
3,100
620
Prepaid Insurance
4,960
3,100
Equipment
19,840
19,840
Accumulated Depreciation-Equipment
$4,464
$5,952
Accounts Payable
7,192
7.192
Salaries and Wages Payable
0
1,364
Unearned Rent Revenue
2,232
992
Common Stock
12,400
12,400
Retained Earnings
6,820
6,820
Dividends
3,472
3,472
Service Revenue
42,160
42.904
Rent Revenue
15,004
16.244
Salaries and Wages Expense
21,080
22,444
Supplies Expense
0
2,480
Rent Expense
13,392
13,392
Insurance Expense
0
1,860
Depreciation Expense
0
1,488
$90,272 $90,272 $93,868 $93,868
Prepare the adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent
manually.)
Date Account Titles and Explanation
Aug. 31
Debit
Credit