(L. OBJ. 4, 5) Journalizing and posting adjustments to the T-accounts and preparing an adjusted trial balance [45-60 min]
The trial balance of Dynaclean Air Purification System at December 31, 2011, and the data needed for the month-end adjustments follow.
Adjustment data at December 31:
a. Unearned service revenue still unearned, $1,300
b. Prepaid rem still in force, $400
c. Supplies used during the month, $400
d. Depreciation for the month, $500
e. Accrued advertising expense, $800. (Credit Accounts payable.)
f. Accrued salary expense, $1,000
Requirements
1. Journalize the adjusting entries.
2. The unadjusted balances have been entered for you in the general ledger accounts. Post the adjusting entries to the ledger accounts.
3. Prepare the adjusted trial balance.
4. How will Dynaclean Air Purification System use the adjusted trial balance?
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