The unadjusted trial balance for All Mopped Up Company, a cleaning service, is as follows

During the 12 months ended December 31, 2024, All Mopped Up:

a. Used office supplies of $1,700.

b. Used prepaid insurance of $580.

c. Depreciated equipment, $500.

d. Accrued salaries expense of $310 that hasn’t been paid yet.

e. Earned $400 of unearned revenue.
Requirements

1. Open a T-account for each account using the unadjusted balances.
2. Journalize the adjusting entries using the letter and December 31 date in the date column.
3. Post the adjustments to the T-accounts, entering each adjustment by letter. Show each account’s adjusted balance.

Transcribed Image Text:

ALL MOPPED UP COMPANY Unadjusted Trial Balance December 31, 2024 Account Title Cash Office Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Equipment Insurance Expense Total Balance Debit $ 800 2,000 600 30,000 5,000 7,000 $ 45,400 Credit $ 2,000 2,400 700 15,300 25,000 $ 45,400