Question
6: The following six-column table for Roku Co. includes the unadjusted trial balance as of December 31. Unadjusted Trial Balance Adjustments Account Title Cash Accounts
6: The following six-column table for Roku Co. includes the unadjusted trial balance as of December 31. Unadjusted Trial Balance Adjustments Account Title Cash Accounts receivable Supplies Dr. Cr. Dr. Cr. Adjusted Trial Balance Dr. Cr. $ 10,000 0 7,600 Machinery Accumulated depreciation-Machinery Interest payable 50,000 $ 20,000 0 Salaries payable 0 Unearned rental fees 7,200 Notes payable 30,000 G. Clay, Capital 14,200 G. Clay, Withdrawals 9,500 Rental fees earned 32,450 Depreciation expense-Machinery 0 Salaries expense 24,500 Interest expense 2,250 Supplies expense 0 Totals $103,850 $103,850 Complete the six-column table by entering adjustments that reflect the following information: a. As of December 31, employees had earned $400 of unpaid and unrecorded wages. The next payday is January 4, at which time $1,200 in wages will be paid. b. The cost of supplies still available at December 31 is $3,450. c. The notes payable require an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31 is $800. The next interest payment, at an amount of $900, is due on January 15. d. Analysis of the unearned rental fees shows that $3,200 remains unearned at December 31. e. In addition to the machinery rental fees included in the revenue account balance, the company has earned another $2,450 in unrecorded fees that will be collected on January 31. The company is also expected to collect $5,400 on that same day for new fees earned in January. f. Depreciation expense for the year is $3,800. [7 Marks]
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