This problem should be used in conjunction with P43B. If you did not complete that problem, you

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This problem should be used in conjunction with P4–3B. If you did not complete that problem, you can use the data but will need to calculate the ending balance in the Capital account.



Data from P4–3B


The unadjusted trial balance of Prince Paralegal at October 31, 2023, is shown below:image


The data needed for the month-end adjustments are as follows:


a. Unearned consulting revenue that still had not been earned at October 31, $22,050.


b. Rent still prepaid at October 31, $6,000.


c. Supplies used during the month, $3,465.


d. Amortization on furniture for the month, $11,125.


e. Amortization on building for the month, $1,600.


f. Accrued salaries expense at October 31, $4,395.



RequiredUsing the data in P4–3B, prepare a classified balance sheet at June 30, 2023. Use three columns for the amounts.

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Horngrens Accounting Volume 1

ISBN: 9780135359709

11th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

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