Question

3B-5. Below is the unadjusted trial balance of JUPITER Incorporated: JUPITER INCORPORATED Unadjusted Trial Balance September 1, 20x1 Credit Balances Debit Balances $4,900 2,300 8.400 27.000 Account Names Cash Accounts receivable Office supplies Equipment Accumulated depreciation - equipment Salaries payable Interest payable Unearned rent revenue Common stock Retained earnings Rent revenue Supplies expense Salary expense Interest expense Depreciation expense - equipment Totals $6,400 500 2,900 4,200 8,000 15,300 7,000 800 900 $44,300 $44,300 The adjusting entry information is as follows: a. Office supplies on hand as of September I were $800. b. The equipment depreciation for this period is $3,800. c. Salaries earned by employees, who have not yet been paid, have increased by $1,700. d. Interest owed by JUPITER which has not yet been paid has increased by $760. e. Unearned rent revenue has decreased by $300. f. As of September 1, JUPITER had provided $3,200 of additional rental services for which they have not yet collected payment.

Answer 1

	Adjustment Entries					Trial Balance
date	explanation	Debit	credit			Supplies
1-Sep	supplies expense	7600			balance	8400	supplies expense	7600
	supplies		7600				balance	800
1-Sep	depreciation expense	3800				Supplies expense
	accumulated depreciation		3800		Supplies	7600
1-Sep	salary expense	1700				Depreciation expense
	salary payable		1700		accumulated depreciation	3800
1-Sep	interest expense	760				Accumulated depreciation
	interest payable		760		balance	10200	balance	6400
							depreciation expense	3800
1-Sep	unearned revenue	300
	rent revenue		300			salary expense
					balance	800	balance	2500
1-Sep	accounts receivables	3200			salary payable	1700
	rent revenue		3200			salary payable
					balance	2200	balance	500
	Trial Balance						salary expense	1700
Explanation	debit	credit
cash	4900					interest expense
A/R	5500				balance	900	balance	1660
supplies	800				interest payable	760
equipment	27000					interest payable
accumulated depreciation		10200			balance	3660	balance	2900
salaries payable		2200					interest expense	760
interest payable		3660
unearned rent revenue		3900				Accounts receivables
rent revenue		10500			balance	2300	balance	5500
common stock		8000			rent revenue	3200
retained earning		15300
supplies expense	7600					rent revenue
salary expense	2500				balance	10500	balance	7000
interest expense	1660						unearned revenue	300
depreciation expense	3800						accounts receivables	3200
	53760	53760				unearned rent revenue
					rent revenue	300	balance	4200
					balance	3900