Question

Build the unadjusted trial balance and adjustments columns from the given information and total the columns. Only input amounts for accounts with balances and do not enter zeros for blank cells. Accounts Payable 5.900 Accounts Receivable 19.600 SMART TOUCH LEARNING Worksheet December 31, 2016 Cash 27,900 Unadjusted Trial Balance Adjustments Common Stock 38,600 Account Names Debit Credit Debit Credit Dividends 5.400 Cash 27900 Furniture 4.400 Accounts Receivable 19600 Notes Payable 6.700 Office Supplies R800 Office Supplies 8.800 Prepaid Rent 12700 Prepaid Insurance 10.800 Prepaid Insurance 10800 Prepaid Rent 12,700 Furniture 4400 Rent Expense 2.900 Accumulated Depreciation - Furniture Salaries Expense 5.800 Accounts Payable 5900 Service Revenue 30.400 Salaries Payable Unearned Revenue 16,700 Utilities Payable a Prepaid rent expired, 5900 Uneamed Revenue 16700 Supplies used, $300 Notes Payable 6700 Depreciation on furniture, $200 Common Stock 38600 Dividends 5400 Accrued salaries expense, $1.100 Utilities will recieved but not paid $100 Service Revenue 30400 (1) 1 2900 Accrued service revenue, $700 Rent Expense Insurance Expense 13 Prepaid insurance expired, $6,000 Salaries Expense 5800 (d) Supplies Expense (b) Depreciation Expense - Furniture (d) Utilities Expense Total

Answer 1

$ $ $ $ $ $ $ (b). (a). (g) (c). SMART TOUCH LEARNING Worksheet December 31, 2016 Trial balance Adjustments Debit Credit Debit Credit 27,900 19,600 (f). $ 700 8,800 $ 300 12,700 $ 900 10,800 $ 6,000 4,400 $ 200 $ 5,900 $ 1,100 $ 100 $ 16,700 $ 6,700 $ 38,600 5,400 $ 30,400 $ 700 2,900 (a). $ 900 (g). $ 6,000 5,800 (d). $ 1,100 (b). $ 300 (c). $ 200 (e). $ 100 98,300 $ 98,300 $ 9,300 $ 9,300 Account Titles Cash Accounts Receivable Office Supplies Prepaid Rent Prepaid Insurance Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Utilities Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Rent Expense Insurance Expense Salaries Expense Supplies Expense Depreciation Expense-Furniture Utilities Expense Totals (d). (e). Adjusted Trial balance Debit Credit $ 27,900 $ 20,300 $ 8,500 $ 11,800 $ 4,800 $ 4,400 $ 200 $ 5,900 $ 1,100 $ 100 $ 16,700 $ 6,700 $ 38,600 $ 5,400 $ 31,100 $ 3,800 $ 6,000 $ 6,900 $ 300 $ 200 $ 100 $ 100,400 $ 100,400 $ (f). $ $ $

Credit Si. (a). Adjusting Entries: Account title Rent Expense Prepaid Rent (To record rent expired) Debit 900 $ $ 900 (b). $ 300 Supplies Expense Office Supplies (To record supplies used) $ 300 (c). $ 200 Depreciation Expense-Furniture Accumulated Depreciation-Furniture (To record monthly depreciation) $ 200 (d). $ 1,100 Salaries Expense Salaries Payable (To record accrued salaries and wages) $ 1,100 (e). $ 100 Utilities Expense Utilities Payable (To record accrued utilities bill) $ 100 (f). $ 700 Accounts Receivable Service Revenue (To record accrued revenue) $ 700 (g). $ 6,000 Insurance Expense Prepaid Insurance (To record Insurance expired) $ 6,000

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