Question

MIX Inc. is a service business incorporated on January 1, 2018 to provide personal training for athletes aspiring to play college sports. The following is a simplified list of accounts and amounts reported in its accounting records at the beginning of its second quarter of operations on April 1, 2018(the amounts are in thousands of dollars) The accounts have normal debit or credit balances. Accounts Payable S 600 Notes Payable (long-term) 300 Notes Payable (short-term) 900 Prepaid Rent 300 Rent Expense 200 Retained Earnings Salaries and Wages Expense 300 Service Revenue 3,200 Supplies 300 Supplies Expense 100 Travel Expense 200 Accounts Receivable 500 Accumulated Depreciation 100 Cash 400 Common Stock 1,500 2,200 Deferred Revenue 200 Depreciation Expense Equipment Income Tax Expense Interest Revenue 6,200 500 200 2,600 After the first quarter, MIX had the following transactions: a) Issued additional shares of common stock for $50 on April 15 b) Purchased equipment for $250 cash on May 1 c) Received $400 cash for future services on May 25 d) Borrowed $220 cash on July 1, 2018, signing a six-month note payable. e) Paid two-year insurance premium on equipment in the amount of S600 on July 1, 2018, and debited in full to Prepaid Insurance on that date. Coverage began on July 1 fPurchased software on July 4, $30 cash g) Purchased supplies on July 5 on account for future use, $7. h) Recorded revenues on December 6 of $550, including $80 on credit and $470 received in cash. i) Recognized salaries and wages expense on December 7 of $30; paid in cash j) Collected accounts receivable on December 8, $90 k) Paid accounts payable on December 9, $100 Data for adjusting journal entries on December 31 1) Amortization for 2018, $5. m) A physical count of supplies on December 31 showed Supplies costing $300 were still on hand. n) Depreciation for 2018, $40. o) Accrued interest of $5 on notes payable. p) Salaries and wages incurred but not yet paid or recorded, $30. q) Service provided but to be collected in January 2019, $45 r) Income tax expense for 2018 was $4 and will be paid in 2019 s) Six months of insurance on equipment has been used.

Can you just answer the adjusted trial balance

Answer 1

5.

MIX Inc. Company
Adjusted Trial Balance
December 31,2018
(The amounts are in thousands of dollars)
Account Title	Debit	Credit
Cash	520
Accounts receivable	335
Prepaid rent	100
Prepaid insurance	450
Supplies	300
Software (30-5 amortization)	25
Equipment	3,450
Accumulated depreciation		940
Accounts payable		507
Interest payable		5
Salaries and wages payable		30
Income tax payable		4
Deferred revenue		600
Notes payable (short-term)		720
Notes payable (long-term)		200
Common stock		250
Retained earnings		1,500
Service revenue		6,795
Interest revenue		100
Salaries and wages expense	2,260
Rent expense	400
Supplies expense	407
Travel expense	2,600
Depreciation expense	340
Income tax expense	304
Amortization Expense	5
Interest expense	5
Insurance expense (600 x 6/24)	150
Total	11,651	11,651