Question

7. The worksheet of Macey's Landscaping Services follows but is incomplete. Click the icon to view the worksheet.) Print Read the requirements Requirement 1. Calculate and enter the adjusted account balances in the Adjusted Trial Balance columns Macey's Landscaping Services Worksheet December 31, 2018 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Debit Credit Account Names Debit Credit Debit Credit 27,400 6,700 (h) $ 3,500 500 (b) $ (a) 350 1,150 2,300 50,000 (c) 1,300 114,000 (d) 1,900 $ 3,800 300 Cush Accounts Receivable Office Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Trucks Accumulated Depreciation-Trucks Accounts Payable Utilities Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Rent Expense Salaries Expense Supplies Expense (1) (g) 7,200 300 3,200 4,500 (e) 25.000 141,900 21,000 84,000 (e, h) 6,700 9,200 23,800 (W) 1,150 7,200 350

Answer 1

1.

Macey's Landscaping Services
Worksheet
December 31, 2018
	Unadjusted Trial Balance		Adjustments				Adjusted Trial Balance
Account Names	Debit	Credit	Debit		Credit		Debit	Credit
Cash	27400						27400
Accounts receivable	6700		(h)	3500			10200
Office supplies	500				(b)	350	150
Prepaid rent	2300				(a)	1150	1150
Equipment	50000						50000
Accumulated depreciation-equipment					(c)	1300		1300
Trucks	114000						114000
Accumulated depreciation-trucks					(d)	1900		1900
Accounts payable		3800						3800
Utilities payable		300						300
Salaries payable					(f)	7200		7200
Interest payable					(g)	300		300
Unearned revenue		4500	(e)	3200				1300
Notes payable		25000						25000
Common stock		141900						141900
Dividends	21000						21000
Service revenue		84000			(e, h)	6700		90700
Rent expense	9200		(a)	1150			10350
Salaries expense	23800		(f)	7200			31000
Supplies expense			(b)	350			350
Utilities expenses	4600						4600
Depreciation expense-equipment			(c)	1300			1300
Depreciation expense-trucks			(d)	1900			1900
Interest expense			(g)	300			300
Total	259500	259500		18900		18900	273700	273700

2.

a.	Prepaid rent expired.	$       1,150
b.	(1) Office supplies used.	$           350
c.	(2) Depreciation on equipment.	$       1,300
d.	(3) Depreciation on trucks.	$       1,900
e.	(4) Unearned revenue earned.	$       3,200
f.	(5) Salaries owed to employees.	$       7,200
g.	(6) Interest expense accrued.	$           300
h.	(7) Service revenue accrued.	$       3,500