The trial balance of Pettit Realty, Inc., at August 31 of the current year and the data needed for the month-end adjustments follow.

Adjustment data:

a. Unearned commission revenue still unearned at August 31,\$1,670.

b. Prepaid rent still in force at August 31, \$620.

c. Supplies used during the month, \(\$ 700\).

d. Depreciation for the month, \(\$ 400\).

e. Accrued advertising expense at August 31, \$610. (Credit Accounts Payable.)

f. Accrued salary expense at August \(31, \$ 550\).
\section*{Required}
1. Open T-accounts for the accounts listed in the trial balance, inserting their August 31 unadjusted balances.
2. Journalize the adjusting entries and post them to the T-accounts. Key the journal entries and the posted amounts by letter.
3. Prepare the adjusted trial balance.
Preparing an adjusted trial balance and the financial statements (Obj. 3, 4, 5)

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PETTIT REALTY, INC. TRIAL BALANCE AUGUST 31, 19X6 Cash......... $ 3,100 Accounts receivable. Prepaid rent.............. Supplies. Furniture Accumulated depreciation.. Accounts payable. Salary payable. Unearned commission revenue 23.780 2,420 1,180 19.740 $ 3,630 3,310 2,790 Common stock........ 15,000 Retained earnings.. 24,510 Dividends 4.800 Commission revenue. 11,700 Salary expense 3,800 Rent expense... Utilities expense. 550 Depreciation expense. Advertising expense.. 1,570 Supplies expense.... Total... $60,940 $60,940