Question

The unadjusted trial balance for Flint Corporation is shown below. FLINT CORPORATION Trial Balance October 31, 2017 Debit Credit Cash $15,840 Supplies Prepaid Insurance 2.910 690 5.430 Equipment Notes Payable $5.430 Accounts Payable 2740 Unearned Service Revenue 2.180 Common Stock 10,730 Retained Earnings Dividends 500 Service Revenue 13,830 Salaries and Wages Expense 4,000 Rent Expense 5 540 $34,910 $34.910 Assume the following adjustment data, 1. Supplies on hand at October 31 total 5700 2. Expired insurance for the month is $115. 3. Depreciation for the month is $115. 4. As of October 31, services worth $850 related to the previously recorded unearned revenue had been performed 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $230, 6. Interest expense accrued at October 31 is $70. 7. Accrued salaries at October 31 are $1.490.

Answer 1

	Date	Account Titles	Debit	Credit
1	Oct. 31	Supplies expense	2210		=2910-700
		Supplies		2210
2	Oct. 31	Insurance expense	115
		Prepaid Insurance		115
3	Oct. 31	Depreciation expense	115
		Accumulated Depreciation-Equipment		115
4	Oct. 31	Unearned Service Revenue	850
		Service Revenue		850
5	Oct. 31	Accounts Receivable	230
		Service Revenue		230
6	Oct. 31	Interest expense	70
		Interest payable		70
7	Oct. 31	Salaries and Wages expense	1490
		Salaries and Wages payable		1490