Question

The unadjusted trial balance for All Mopped Up Company, a cleaning service, is as follows: 3.04 ALL MOPPED UP COMPANY Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 800 Office Supplies 2,000 Prepaid Insurance 600 Equipment 30,000 Accumulated Depreciation Equipment 5 2,000 Accounts Payable 2,400 Salaries Payable Unearned Revenue 700 Common Stock 15,300 Dividends 5,000 Service Revenue 25,000 Salaries Expense 7,000 Supplies Expense Depreciation Expense-Equipment Insurance Expense Total $ 45,400 $ 45,400 During the 12 months ended December 31, 2018, All Mopped Up: a. used office supplies of $1,700. b. used prepaid insurance of $580. c. depreciated equipment, $500. d. accrued salaries expense of $310 that hasn't been paid yet. e. earned $400 of unearned revenue.

Answer 1

Answer-2:

Credit Account Title Office supplies expense Office supplies Debit 1,700 1,700 580 Insurance expense Prepaid insurance 580 500 Depreciation expense-equipment Accumulated depreciation-equipment 500 310 Salaries expense Salaries payable 310 400 Unearned revenue Service revenue 400

Answer-1 & 3:

Cash 800 Office supplies 2000 1700 Prepaid Insurance 600 580 Equipment 30000 Account payable 2400 Acc. Dep-Equipment 2000 500 2500 800 300 201 30000 2400 Salaries payable 310 Unearned revenue 400 700 Common stock 15300 Dividends 5000 Service revenue 25000 400 25400 Salaries expense 7000 310 7310 300 5000 310 Supplies expense 1700 Dep Exp-Equipment 500 15300 Insurance expense 580 1700 500 580