(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.
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