Question

OURCES ed Exercise 3-09 The trial balance for Pioneer Advertising is shown below. 2-9 (Part n) Credit y Study Cullumber Advertising Trial Balance October 31, 2017 Debit Cash $15,000 Supplies 2,600 Prepaid Insurance 500 Equipment 4,200 Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings 400 Service Revenue Salaries and Wages Expense 4,200 Rent Expense 900 $27,800 $4,600 2,500 1,200 8,700 10,800 $27,800 Assume the following adjustment data. 1. Supplies on hand at October 31 total $600. Expired insurance for the month is $300. 2.

Answer 1

Adjusting entries:

Date	Account title and explanation	Debit	Credit
Oct 31	Supplies expnese	$600
	Supplies		$600
	[To record supplies expense]
Oct 31	Insurance expense	$300
	Prepaid insurance		$300
	[To record insurance expense]
Oct 31	Depreciation Expense	$50
	Accumulated depreciation		$50
	[To record depreciation expense]
Oct 31	Unearned service revenue	$400
	Service revenue		$400
	[To record revenue earned from unearned]
Oct 31	Interest expense	$90
	Interest payable		$90
	[To record accrued interest]
Oct 31	Salaries expense	$1,100
	Salaries payable		$1,100
	[To record accrued salaries expense]