CHAPTER 4

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CHAPTER 4 Adjusting the accounts and preparing financial statements CONTENTSDemonstration Adjusting entries and Adjusting centries and effect on financial Adjusting entries from financial Adjusting entries and financial Opening T accounts, adjusting entries and preparation of financial 4: ADJUSTING THE ACCOUNTS AND PREPARING FINANCIAL STATEMENTS WILEY The unadjusted trial balance prepared for the Johnson Decorating Service on 31 July isThe unadjusted trial balance prepared for the Johnson Decorating Service on 31 July isshown information available at the end of July is as follows:1. Depreciation on the motor vehicle for 1 month is $500 and on the office equipmentis $ Interest accrued on the loan payable is $ Received a $240 invoice from Austral Oil Company for fuel used in the Office supplies of $425 was determined by a physical The balance in the Prepaid Insurance account is

CHAPTER 4 Adjusting the accounts and preparing financial statements CONTENTS Demonstration problem 4.1 Adjusting entries and corrections 4.2 Adjusting centries and effect on financial

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