Appendix 1 EX 4-27 Adjusting entries from an end-of-period spreadsheet

Based on the data in Exercise 4-24, prepare the adjusting entries for Alert Security Services Co.


Answers:
 2019
 Oct. 31 Accounts Receivable13
Fees Earned13
Accrued fees.
31 Supplies Expense4
Supplies4
Supplies used ($8 – $4).
31 Insurance Expense10
Prepaid Insurance10
Insurance expired.
31 Depreciation Expense3
Accumulated Depreciation—Equipment3
Equipment depreciation.
31 Wages Expense1
Wages Payable1
Accrued wages.