The trial balance of Stryker Talent Agency, Inc., at October 31, 19X0, is at the top of page 167. The data needed for the month-end adjustments are as follows:

Adjustment data:

a. Unearned commission revenue still unearned at October \(31, \$ 4,900\).

b. Prepaid rent still in force at October \(31, \$ 2,000\).

c. Supplies used during the month, \(\$ 770\).

d. Depreciation on furniture for the month, \(\$ 250\).

e. Depreciation on building for the month, \(\$ 580\).

f. Accrued salary expense at October \(31, \$ 310\).

\section*{Required}
1. Open the accounts listed in the trial balance, inserting their October 31 unadjusted balances. Also open the Income Summary account, number 34. Use four-column accounts. Date the balances of the following accounts October 1: Prepaid Rent, Supplies, Building, Accumulated Depreciation-Building, Furniture, Accumulated Depreciation-Furniture, Unearned Commission Revenue, and Retained Earnings.
2. Write the trial balance on a work sheet and complete the work sheet of Stryker Talent Agency for the month ended October 31, 19X0.
3. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report format.
4. Using the work sheet data, journalize and post the adjusting and closing entries. Use dates and posting references. Use 12 as the number of the journal page.
5. Prepare a postclosing trial balance.

Transcribed Image Text:

STRYKER TALENT AGENCY, INC. TRIAL BALANCE OCTOBER 31, 19X0 Account Number Account Title Debit Credit II Cash. 1,900 12 Accounts receivable. 15,310 13 Prepaid rent. 2,200 14 Supplies... 840 15 Furniture.. 26,830 16 Accumulated depreciation-furniture. $ 3,400 17 Building 68,300 18 Accumulated depreciation-building. 12,100 21 Accounts payable. 7,290 22 Salary payable 23 Unearned commission revenue. 5,300 31 Common stock .... 25,000 32 Retained earnings. 59,490 33 Dividends. 3,900 41 Commission revenue. 9.560 51 Salary expense.. 1,840 52 Rent expense. 53 Utilities expense 530 54 Depreciation expense-furniture. 55 Depreciation expense-building. 56 Advertising expense. 57 Supplies expense. Total. 490 $122,140 $122,140