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1. Listed below is the Unadjusted Trial Balance for Beauty by Bernadette, an esthetics shop. Beauty by Bernadette Inc. Unadjusted Trial Balance December, 31, Year
1. Listed below is the Unadjusted Trial Balance for Beauty by Bernadette, an esthetics shop. Beauty by Bernadette Inc. Unadjusted Trial Balance December, 31, Year 1 Dr Cr Cash 8,400 Prepaid Insurance 2.960 Shop Supplies 1,980 Shop Equipment 7,720 Accumulated Depreciation: Shop Equipment 1,540 Building 115,000 Accumulated Depreciation: Building 7,680 Land 110,000 Unearned Rent 3,200 Long Term Notes Payable 200,000 Common Shares 5,120 Dividends 5,400 Rent Earned 4,800 Fees Earned 46,8001 Wages Expense 6,400 Utilities Expense 1,380 Property Taxes Expense 1,200 Interest Expense 8,700 Totals 269,140 269,140 1 An insurance policy examination showed $1,240 of expired insurance. 2. An inventory showed $210 of unused shop supplies still on hand. 3. Estimated Depreciation on the shop equipment, $350. 4. A hair stylist is behind on rental payments for the space they rent in Bernadette's shop. These $ 200 overdue payments had not been recorded at the time the above trial balance was prepared. 5. $800 of the Unearned Rent had been earned by the end of the year. 6. One employee, a receptionist, works a five-day workweek at $50/day. She was paid last week but has worked four days this week, up to the end of the year, for which she has not yet been paid. 7. The past three months' property taxes totaling $450 have not yet been recorded. Required: Use the information detailed above to record any required adjusting or accrual entries. 2. Rogue One's bank statement for the month of December Year 1 showed a balance per bank of $7,000. The company's general ledger Cash account showed a balance of $5,659 at December 31. Other information is as follows: 1. Cash receipts for December 31 recorded on the company's books were $5,200, but this amount does not appear on the bank statement. 2. The bank statement shows a debit memo for a withdrawal of $40 for cheque printing charges. 3. Cheque #119 payable to Darth Vader was recorded in the ledger and cleared the bank for $248. A review of the accounts payable records shows a $36 credit balance in Darth Vader's account and that the payment should have been for $284. 4 The total amount of cheques outstanding at December 31 was $5 800
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