CHANGES AND ERROR

1. Examine the Anderson Company for the year ended in 2018, assume that the trial balance
has been prepared but have not been closed.
a. Depreciation of $5,000 on truck was not recorded.
b. At December 31 an analysis of payroll information shows salaries and wages payable
of $10,000. The Salaries and Wages Payable account had a balance of $16,000 at
December 31, 2018, which was unchanged from its balance at December 31, 2017.
c. A collection of $5,000 on account from a customer received on December 31, 2018,
was not recorded
d. The company did not record, interest receivable in the amount of $200
e. On December, Anderson expensed unexpired insurence of $1,000
Determine:
Prepare journal entries showing the adjustment that required (ignore income tax
considerations)

2. A partial trial balance of Robert Company as follows:

Debit Credit
Supplies R2,500
Salaries and Wages 1,500
Payable
Interest Receivable 5,100
Prepaid Insurance 90,000
Unearned rent 0
Accrued interest payable 15,000

a. A physical count of supplies on hand totaled R1,000

b. Depreciation for the equipment $5000 was not recorded
c. The unexpired portions of the insurance policies totaled R65,000
d. The Interest Receivable account was also left unchanged. Accrued interest on
investments amounts to R4,000 on last period.
e. The Salaries and Wages Payable account was not changed. Accrued salaries and
wages on last period amounted to R3,400
Determine:
Prepare journal entries showing the adjustment that required (ignore income tax considerations),
Assuming that the books have been closed