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Adjusting Entries v1
Adjusting Entries v1
Adjusting Entries v1
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http://www.perdisco.com/elms/qsam/html/qsam.aspx
Adjusting entries
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2) Post the adjusting entries from the general journal to the relevant
ledgers.
3) Record the final adjusted balance of each ledger account in the
Adjusted Balance row of each ledger, even for ledgers with a
balance of zero. Although each ledger already has a running
balance, the Adjusted Balance row must still be filled out in order
to receive full marks.
Please note that any answers from previous pages carried through
onto this page (either on the page or in a popup information page)
are the correct answers, not your particular answers.
Remember to enter all answers to the nearest whole dollar.
Additional instructions
Displaying selected journals and ledgers:
Not all journals and ledgers will be displayed on every page.
On this page you can access the general journal and all
ledgers necessary to answer this question.
There are several tabs representing different views of the
journal and ledgers. The active tab by default is Show All, but
you may also select General Journal to just view the general
journal or select General Ledger to just view the general
ledger accounts.
If you fill in the journal or any ledger accounts and change
the view on this page by selecting a different tab, the
information that you have entered will remain in that journal
or ledger and be displayed whenever you can see that journal
or ledger.
On this page, you will not be able to select the tabs for
special journals and the subsidiary ledgers because you do
not need to use them in this question.
General journal:
Please note that in the general journal, when you select
accounts, you will select the account using a popup link. You
cannot type directly into the field.
For the general journal, in the Post ref. column you will need
to correctly type the account number of the account you are
posting to.
General journal entries do NOT require a description of the
journal entries.
The general journal may have blank rows left at the end of
this question.
Additional information
To answer this question you may need the following information:
Background information
Adjusting entries
Ledgers:
Some ledger accounts may have blank rows left at the end of
this question.
Some ledger accounts may not require any entries for this
question.
When posting a transaction to a ledger account, under the
Description column, please type the description of the
transaction directly into the field. The exact wording does
not matter for marking purposes. For example, it does not
Original information
The information in the above links comes from the 'Overview' and
'Further information' pages at the beginning of the practice set. If
you did not print them out, and you would like to refer to them,
you may review them below:
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Adjusting entries
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matter in an electricity transaction if you type Paid for electricity or Paid electricity bill.
Overview
For each ledger, under the Ref. column, you need to select
Further information
the correct journal from a list in the drop-down box provided,
in order to receive full marks.
If the balance of a ledger account is zero you do not need to
select a debit or credit from the drop-down box.
Show All
Special Journals
General Journal
Subsidary Ledgers
General Ledger
(Q=861.generalJournalAdjEntries)
GENERAL JOURNAL
Date
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
Jun
30
30
30
30
30
30
30
30
30
30
30
Post
Ref.
(select)
560
(select)
161
(select)
561
(select)
151
Water Expense
(select)
516
Water Payable
(select)
222
Electricity Expense
(select)
541
Electricity Payable
(select)
221
Wages Expense
(select)
516
Wages Payable
(select)
220
Interest Expense
(select)
571
Interest Payable
(select)
225
(select)
544
Office Supplies
(select)
130
Rent Expense
(select)
540
Prepaid Rent
(select)
140
Advertising Expense
(select)
511
Prepaid Advertising
(select)
141
Insurance Expense
(select)
543
Prepaid Insurance
(select)
142
DR
CR
239
239
231
231
110
110
280
280
1100
1100
496
496
519
519
4000
4000
5000
5000
850
850
(select)
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http://www.perdisco.com/elms/qsam/html/qsam.aspx
(select)
Jun
(select)
30
(select)
(Q=870-130.StoreSupplies_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
2,729 DR
asdfasdfasdfadsfadf
GJ
519
2210 DR
2210 DR
Adjusted Balance
(Q=870-140.PrepaidRent_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
8,000 DR
lalallalalala
GJ
4000
4000 DR
4000 DR
Adjusted Balance
(Q=870-141.PrepaidAdvertising_adjEntry)
Description
Ref.
DR
CR
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
Balance
15,000 DR
asdfasdf
GJ
5000
10000 DR
10000 DR
Adjusted Balance
(Q=870-142.PrepaidInsurance_adjEntry)
Description
Ref.
DR
CR
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
asdfasdfadf
Adjusted Balance
Balance
4,250 DR
GJ
850
3400 DR
3400 DR
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http://www.perdisco.com/elms/qsam/html/qsam.aspx
(Q=870-151.AccDepnCapitalAsset2_adjEntry)
Description
Ref.
DR
CR
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
Balance
13,979 CR
asdfasdfasdfa
231
GJ
14210 CR
14210 CR
Adjusted Balance
(Q=870-161.AccDepnCapitalAsset1_adjEntry)
Description
Ref.
DR
CR
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
Balance
11,455 CR
asdfasdfasdf
GJ
239
11694 CR
11694 CR
Adjusted Balance
(Q=870-220.WagesPayable_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
662 CR
5 Staff wages
Jun
30
Jun
30
Jun
30
Jun
30
asdfasdfasdfasdf
CPJ
662
GJ
1100
1100 CR
1100 CR
Adjusted Balance
(Q=870-221.ElectricityPayable_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
849 CR
Jun
Jun
30
Jun
30
Jun
30
Jun
30
CPJ
760
89 CR
89 CR
Adjusted Balance
(Q=870-222.WaterPayable_adjEntry)
Description
Ref.
DR
CR
Balance
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May
http://www.perdisco.com/elms/qsam/html/qsam.aspx
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
107 CR
asdfasdf
GJ
110
217 CR
217 CR
Adjusted Balance
(Q=870-225.InterestPayable_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
247 CR
496
GJ
496
743 CR
743 CR
Adjusted Balance
(Q=870-403.InterestRevenue_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
Jun
Jun
30
Jun
30
Jun
30
Jun
30
CRJ
372
372 CR
372 CR
Adjusted Balance
(Q=870-511.AdvertisingExpense_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
asdfasdf
GJ
5000
5000 DR
5000 CR
Adjusted Balance
(Q=870-516.WagesExpense_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
Jun
Jun
30
Jun
30
asdfasdf
0
CPJ
GJ
6,227
1100
6,227 DR
7327 DR
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http://www.perdisco.com/elms/qsam/html/qsam.aspx
Jun
30
Jun
30
7327 DR
Adjusted Balance
(Q=870-540.RentExpense_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
asdfasdfasdf
GJ
4000
4000 DR
4000 CR
Adjusted Balance
(Q=870-541.ElectricityExpense_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
Adjusted Balance
(Q=870-542.WaterExpense_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
asdfasdfasdf
GJ
110 DR
110
110 DR
Adjusted Balance
(Q=870-543.InsuranceExpense_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
asdfasdf
Adjusted Balance
GJ
850
850 DR
850 DR
(Q=870-544.SuppliesExpense_adjEntry)
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Description
Ref.
DR
CR
Balance
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
Adjusted Balance
(Q=870-560.DepnExpenseCapitalAsset1_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
sdf
GJ
239
239 DR
239 DR
Adjusted Balance
(Q=870-561.DepnExpenseCapitalAsset2_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
dfasdf
GJ
231
231 CR
231 CR
Adjusted Balance
(Q=870-571.InterestExpense_adjEntry)
Description
Ref.
DR
CR
Balance
31 Balance
Jun
30
Jun
30
Jun
30
Jun
30
496496
GJ
Adjusted Balance
496
496 DR
496 DR
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