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