Question

I'm having trouble getting my balance to equal for the unadjusted balance. Also how do I create the adjusted trial balance?

Adjusting Journal Entries to be recorded on 31 Jan Account Titles and Explanation Date DebitCredit $12,385 31-Jan Supplies Expenses S12,385 Supplies (To record supplies used in the month) 31-Jan nrned Servicc Revcnuc 1,100 Service Revenue (To record revenue for the service performed) (13200 12 x 1 month 1100) S1,100 31-Jan Interest expense $100 Interest payable (To record interest on bank loan for I month) (30000 x 4% x 1/12-S100) S100 31-Jn Accounts Receivable $6,500 Service Revenue S6,500 (To record work performed not yet billed) 31-JanRent Expenses $985 Prepaid Rent (To record rent expense for Jan) (S11820/12 months x 1 month $985) S985 31-Dec Depreciation expense-Computer equipment $165 $135 Depreciation expense-Office Furniture Accumulated Depreciation-Computer Equip Accumulated Depreciation-Office Furniture (To record depreciation for month) S165 S135 31-Dec Salaries Expense $4,650 Salaries payable (To record salaries due for last week) S4,650 Note: Supplies used Paid bill for supplies purchased previously Purchased additional office supplies Total Supplies Less: Supplies on hand month end Supplies used $11.295 $8,950 $20,245 $7,860 $12,385

Answer 1

B	C	D	E	F	G	H	I	J	K	L	M	N
		Beginning Balance		January Journal Entry's		Unadjusted Trial Bal		Adjustments		Adjusted Trial Balance
	Accounts	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit
	Cash	$58,500		$68,505	$41,115	$85,890				$85,890
	Accounts Receivable			$18,690	$13,655	$5,035		$6,500		$11,535
	Supplies	$11,295		$8,950		$20,245			$12,385	$7,860
	Prepaid Rent			$11,820		$11,820			$985	$10,835
	Land	$15,000				$15,000				$15,000
	Computer Equipment	$26,500				$26,500				$26,500
	Accumulated Dep. - Comp Equip.					$0	$0		$165		$165
	Office Furniture			$10,895		$10,895				$10,895
	Accumulated Dep. - Office Furniture					$0	$0		$135		$135
	Accounts Payable		$11,295	$11,295	$8,950		$8,950				$8,950
	Salaries Payable						$0		$4,650		$4,650
	Interest Payable						$0		$100		$100
	Unearned Revenue				$13,200		$13,200	$1,100			$12,100
	Long term notes payable				$30,000		$30,000				$30,000
	Common Stock		$100,000				$100,000				$100,000
	Retained Earnings						$0				$0
	Dividends			$1,000		$1,000				$1,000
	Service Revenue				$30,340		$30,340		$7,600		$37,940
	Salaries Expense			$4,650		$4,650		$4,650		$9,300
	Rent Expense					$0		$985		$985
	Supplies Expense					$0		$12,385		$12,385
	Utilities Expense			$1,455		$1,455				$1,455
	Interest Expense							$100		$100
	Depreciation Expense- Computer equipment							$165		$165
	Depreciation Expense-Office furniture							$135		$135
	Total	$111,295	$111,295	$137,260	$137,260	$182,490	$182,490	$26,020	$26,020	$194,040	$194,040