Journalizing and posting adjustments to the T-accounts, and preparing an adjusted trial balance [45-60 min]
The trial balance of Canton Air Purification System, Inc., at December 31, 2012, and the data needed for the month-end adjustments follow.
Adjustment data at December 31 follow:
a. Unearned service revenue still unearned, $1,800.
b. Prepaid rent still in force, $600.
c. Supplies used during the month, $400.
d. Depreciation for the month, $700.
e. Accrued advertising expense, $900. (Credit Accounts payable)
f. Accrued salary expense, $800.
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 Canton Air Purification System use the adjusted trial balance?
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