Blum Services has the following unadjusted balances at year-end. Cash $12,900 Prepaid insurance 2,000 Office supplies...
Blum Services has the following unadjusted balances at year-end. Cash $12,900 Prepaid insurance 2,000 Office supplies 1,300 Office equipment 10,500 Accumulated depreciation–office equipment 3,500 Accounts payable 2,900 Salaries payable -0- Unearned service revenue 4,500 A.L.Blum, capital 11,750 A.L.Blum, drawing 5,600 Service revenue 13,350 Salary expense 3,700 Depreciation expense -0- Supplies expense -0- Insurance expense -0-
The following information is available to use in making adjusting entries.
a. Office supplies on hand at year-end: $250
b. Prepaid insurance expired during the year: $325
c. Unearned revenue remaining at year-end: $2,500
d. Depreciation expense for the year: $1,800
e. Accrued salaries at year-end: $900
From the above information prepare the adjusted trial balance for the company (NB. Worksheet must include unadjusted trial balance, adjustments, and the adjusted trial balance
Homework Answers
| Trail Balance | ||||||
| Unadjusted Trail Balance | Adjustements | Adjusted Trail Balance | ||||
| Particular | Debit | Credit | Debit | Credit | Debit | Credit |
| Cash | 12900 | 12900 | ||||
| Prepaid Insurance | 2000 | -325 | 1675 | |||
| Office Supllies | 1300 | -1050 | 250 | |||
| Office Equipment | 10500 | 10500 | ||||
| Accumulated Depreciation | 3500 | 1800 | 5300 | |||
| Account Payable | 2900 | 2900 | ||||
| Salaries Payable | 0 | 900 | 900 | |||
| Unearned Service Revenue | 4500 | -2000 | 2500 | |||
| Capital | 11750 | 11750 | ||||
| Drawings | 5600 | 5600 | ||||
| Service Revenue | 13350 | 2000 | 15350 | |||
| Salaries Expenses | 3700 | 900 | 4600 | |||
| Depreciation Expense | 0 | 1800 | 1800 | |||
| Supplies Expense | 0 | 1050 | 1050 | |||
| Insurance Expense | 0 | 325 | 325 | |||
| Total | 36000 | 36000 | 2700 | 2700 | 38700 | 38700 |
Add Answer to:
Blum Services has the following unadjusted balances at year-end.
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