Question

Build the adjustments columns from the transaction list and total the columns.

 a Prepaid rent expired, $130

 b Supplies used, $260

 c Depreciation on furniture, $440

 d Accrued salaries expense, $870

 e Accrued interest on note, $550

 f Accrued service revenue, $540

Answer 1

SMART TOUCH LEARNING
Worksheet
December 31, 2016
	Unadjusted Trail Balance		Adjustments		Adjusted Trail Balance
Accounts Titles	Debit	Credit	Debit	Credit	Debit	Credit
Cash	12,700				12,700
Accounts Receivable	1,600		540		2,140
Office Supplies	400			260	140
Prepaid Rent	2,500			130	2,370
Furniture	17,100				17,100
Accum. Dep. - Furniture		-		440		440
Accounts Payable		100				100
Salaries Payable		-		870		870
Interest Payable		-		550		550
Unearned Revenue		500				500
Notes Payable		16,700				16,700
Bright, Capital		19,500				19,500
Bright, Withdrawals	6,700				6,700
Service Revenue		8,800		540		9,340
Rent Expense	1,600		130		1,730
Salaries Expense	3,000		870		3,870
Supplies Expense	-		260		260
Depreciation Expenses - Furniture	-		440		440
Interest Expenses	-		550		550
Total	45,600	45,600	2,790	2,790	48,000	48,000