Question

Exercise 3-09 The trial balance for Pioneer Advertising is shown below. Sunland Advertising Trial Balance October 31, 2017 Credit Debit $16,000 2,400 800 4,300 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense $4,800 2,400 1,000 9,700 600 11,000 4,000 800 $28,900 $28,900 Assume the following adjustment data. 1. 2. Supplies on hand at October 31 total $600. Expired insurance for the month is $100. Denreciation for the month le con

Answer 1

		Account Titles and Explanation	Debit	Credit
1	Oct 31	Supplies expense	1800		=2400-600
		Supplies		1800
2	Oct 31	Insurance expense	100
		Prepaid Insurance		100
3	Oct 31	Depreciation expense	90
		Accumulated Depreciation		90
4	Oct 31	Unearned Service Revenue	800
		Service Revenue		800
5	Oct 31	Accounts Receivable	200
		Service Revenue		200
6	Oct 31	Interest expense	80
		Interest payable		80
7	Oct 31	Salaries and wages expense	1300
		Salaries and wages payable		1300