Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

400 The trial balance for Pioneer Advertising is shown below. Crane Advertising Trial Balance October 31, 2017 Det Gred Cash $16.000 Supplies 2,700 Prepaid Insurance

image text in transcribed
400 The trial balance for Pioneer Advertising is shown below. Crane Advertising Trial Balance October 31, 2017 Det Gred Cash $16.000 Supplies 2,700 Prepaid Insurance 400 Equipment 5,500 Notes Payable 54.400 Accounts Payable 2,500 Uneamed Service Revenue 1,500 Owner's Capital 9,800 Owner's Drawings Service Revenue 11,700 Salaries and Wages Expense 4,200 Rent Expense $30,000 $30,000 Assume the following adjustment data, 1. Supplies on hand at October 31 total $700. 2. Expired insurance for the month is $100 3. Depreciation for the month is $60 Services related to unearned service revenue in October worth $800 were performed 5. Services performed but not recorded at October 31 are 5300 6. Interest accrued at October 31 is $90 7. Accrued salaries at October 31 are $1,500 Prepare the adjusting entries for the bem above. (Credit account titles are automatically indented when the amount is en No. Date Account Titles and Explanation Debit Credit 1. Oct. 31 500 2. Oct. 31 3. Oct. 31 4 Oct 31 5. Oct. 31 6 Oct. 31 7. Oct. 31 Click if you would like to show Work for this questione

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What has been your desire for leadership in CVS Health?

Answered: 1 week ago

Question

Question 5) Let n = N and Y Answered: 1 week ago

Answered: 1 week ago