Question

QS 3-17 (Static) Preparing an adjusted trial balance LO P5 Following are unadjusted balances along with year-end adjustments for Quinlan Company. Complete the adjusted trial balance by entering the adjusted balance for each of the following accounts. Adjustments Unadjusted Trial Balance Dr. Cr. 8,000 2,000 Adjusted Trial Balance Dr. Cr. Dr. Cr. $ $ 4,000 4,500 $ No. 101 106 126 209 307 318 403 2,500 400 $ 0 Account Title Cash Accounts receivable Supplies Salaries payable Common stock Retained earnings Consulting revenue Salaries expense Supplies expense 3,000 6,000 11,000 4,000 400 622 652 5.500 0 2.500

Answer 1

Quinlan company (unadjusted | Trial Balance Adjustment Adjusted Trial Balance NO Account itittle br Dr cr Cr Dr с Cr 101 Cash $ 8000 8000 106 Account Receivable 2000 $ 4000 6000 4500 $ 2500 2000 126 Supplies 2091 Salaries payable 307 Common stock $ O 400 400 3000 3000 6000 6000 T1000 4000 15000 318 Retained Earning 403 consulting Revenue 622 salaries Expense 652 supplies Expense Total 5500 400 0 2500 5900 2500 24400 | 24400 20000 20000 6900 6900

working Note: * use unadjusted trial Balance and adjustment for saving Adjusted Trial Balance → important point for solving adjusted trial Balance Debit + Debit Credit to credit Debit credit credit Debit. calculation : (101) cash - Debit +Debit = 8000 to = 8000 (Dr) (106) Account Receivable = Debit +Debit 2000 4000 6000 cor) (126) Supplies Debit - Credit as = 4500 2500 2000 Cor) Debit Balance 4500 is more compare to Gedit Balance 2500 • 2OOO Shop DebBlaze = (209) Salaries payable - Credit + Credit = 0 + 400 = 400 (c) is there (307) common stock = credit amount only 3000 (CV)

(318) Retained Earning = Credit amount only is there di =6000 CC) (403) consu nsulting Revenue - Gredit + credit = 11000 4000 = 15000 (CT) (622) Salaries Expense = Debit +Debit = 5500 +400 = 5900 Cor) (652) Supplies Expenses = Debit +Debit = 0 + 2500 = 2500 (Dr)