Rainbow Janitorial Services follows the approach of recording prepaid expenses as expenses and unearned revenues as revenues. Rainbow’s unadjusted trial balance for the year ended October 31, 2023, follows.

Additional information:
1. On October 31, a physical count revealed cleaning supplies on hand of $6,150.
2. Annual depreciation on the equipment is $3,200.
3. It was determined that $6,900 of the balance in Office Cleaning Revenue had not yet been earned as of October 31.
4. A review of the Window Washing Revenue account showed that only $21,400 had been earned as of October 31.
5. $1,500 of the total recorded in the Advertising Expense account had not yet been used.

Required
Refer to Exhibit 3.22 and use the information provided to complete the columns above.

Transcribed Image Text:

75C 7 Home P18 Insert Page Layout Formulas fx A Rainbow Janitorial Services Trial Balances.xlsx Data Review View 1 2 3 4 5 6 7 Cash 8 Accounts receivable 9 Prepaid advertising 10 Cleaning supplies 11 Equipment 12 Accumulated depreciation, equipment 13 Unearned window washing revenue 14 Unearned office cleaning revenue 15 William Nahanee, capital 16 Window washing fees revenue 17 Office cleaning fees revenue 18 Advertising expense 19 Salaries expense Account 20 Depreciation expense, equipment 21 Cleaning supplies expense 22 Totals B C Rainbow Janitorial Services Trial Balances October 31, 2023 Unadjusted Trial Balance Dr. $ 3,500 7,200 -O- -O- 29,000 Cr. $ 3,200 -O- -O- 9,150 23,800 71,500 D 2,900 56,900 -0- 8,150 $ 107,650 $ 107,650 E Adjustments Dr. Cr. F G Adjusted Trial Balance Dr. Cr.