Adjusted Entries:

Dr. Cr.
A. Insurance Expense 7,200
Prepaid Insurance 7,200

B. Cleaning Supplies Expense 61,300

Cleaning Supplies 61,300

C. Depreciation Expense – Building 128,000

Accumulated Depreciation – Building 128,000

D. Interest Expense 10,000

Interest Payable 10,000

E. Unearned Cleaning Revenue 4,000

Cleaning Revenue 4,000

F. Salaries Expense 16,800

Salaries Payable 16,800

Adjusted Trial Balance:

Reynaldo Gulane Cleaners

Adjusted Trial Balance
Sept 30, 2020

Dr. Cr.
Cash 117,880
Accounts Receivable 264,940
Prepaid Insurance 26,800
Cleaning Supplies 12,440
Land 180,000
Building 1,850,000
Accumulated Depreciation- Building 584,000
Accounts Payable 204,000
Unearned Cleaning Revenues 12,000
Mortgage Payable 1,100,000
Interest Payable 10,000
Salaries Payable 16,800
Gulane, Capital 565,600
Gulane, Withdrawals 100,000
Cleaning Revenue 1,580,340
Salaries Expense 1,030,100
Cleaning Equipment Rental Expense 60,000
Delivery Truck Expense 43,740
Interest Expense 120,000
Others Expense 70,340
Depreciation Expense – Building 128,000
Insurance Expense 7,200
Cleaning Supplies Expense 61,300
Total: 4,072,740 4,072,740
In a Nutshell:
2. For me mastering on how to adjust entries is very important. Because with the use of it accounts are updated
and their balances are restored using adjusting journal entries. 
3. Some revenue, expense, asset, and liability accounts may not be represented in the financial statements at
their real amounts if adjusting entries are not made.
4. A more realistic picture of a company's finances may be conveyed by making adjustments to the entries in the
ledger. The owner may go through the financial statements with confidence, knowing that everything that
happened during the month will be disclosed even if the financial component of the transaction occurs later.
5. The process of financial reporting would be incomplete without the use of adjusting entries. Understanding
what they are and how to produce them is a crucial step in guaranteeing the accuracy of your company's
financial statements.
6. The financial records created from adjusting entries then can convey the events that took place rather than the
exact sums of money that were moved. Providing services to consumers and charging them later for the job or
getting inventory and paying for it the next month are examples of this.
7. Adjusting entries are crucial because they allow net profit or loss and financial position to be reported in the
same accounting period.
8. Adjusting entries eliminate mistakes in income and spending records, making them more accurate in the long
term.
9. Not every debtor pays his or her bills on time. To account for this, the firm sets a provision for bad debts, and
the balance must be updated on a regular basis to account for new bad debt or bad debt that has been paid.
10. It is important to remember that not all entries recorded by the firm at the conclusion of an accounting
period are adjusting entries.