Ivanhoe Co. was organized on July 1, 2022. Quarterly financial statements are prepared. The unadjusted...
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Accounting
Ivanhoe Co. was organized on July 1, 2022. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below.
IVANHOE CO. Trial Balance September 30, 2022
Unadjusted
Adjusted
Dr.
Cr.
Dr.
Cr.
Cash
$ 8,600
$ 8,600
Accounts Receivable
10,400
11,600
Supplies
1,550
600
Prepaid Rent
2,200
1,250
Equipment
18,800
18,800
Accumulated DepreciationEquipment
$ 0
$ 750
Notes Payable
9,200
9,200
Accounts Payable
2,550
2,550
Salaries and Wages Payable
0
720
Interest Payable
0
92
Unearned Rent Revenue
1,900
1,000
Owners Capital
21,900
21,900
Owners Drawings
1,550
1,550
Service Revenue
17,630
18,830
Rent Revenue
1,380
2,280
Salaries and Wages Expense
8,100
8,820
Rent Expense
1,900
2,850
Depreciation Expense
750
Supplies Expense
950
Utilities Expense
1,460
1,460
Interest Expense
92
$ 54,560
$ 54,560
$ 57,322
$ 57,322
(a)
Journalize the adjusting entries that were made
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