(L.OBJ. 4, 5) Preparing adjusting entries and preparing an adjusted trial balance [10-15...

(L.OBJ. 4, 5) Preparing adjusting entries and preparing an adjusted trial balance [10-15 min]

Shining Image Company, the cleaning service, started the preparation of its adjusted trial balance as follows:

During the twelve months ended December 31, 2010, Shining Image did the following:

a. Used supplies of $1,100

b. Used up prepaid insurance of $590

c. Used up $510 of the equipment through depreciation

d. Accrued salary expense of $20 that Shining image has not paid yet

e. Earned $370 of the unearned service revenue

Requirement

1. Complete the adjusted trial balance. Key each adjustment by letter.