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a A review of the $18,500 unadjusted balance in the prepaid rent account shows a remaining balance of $15,750 at the end of the
a A review of the $18,500 unadjusted balance in the prepaid rent account shows a remaining balance of $15,750 at the end of the month b. The monthly depreciation on the building is $260 c. Unrecorded and uncollected consulting fees at the end of the month were $6,750 d Vision Consulting Inc. purchased equipment at the start of the month. The equipment cost $9,000 and is expected to be worthless at the end of its five-year life e. $5,000 of the $6,250 rent paid to Vision Consulting Inc. in advance has not yet been earned. f Interest of $280 has accrued on a note payable but is unrecorded g. Interest of $310 on notes receivable is unrecorded and unpaid h. A review of the $3,300 unadjusted balance in the supplies account shows a balance on hand at the end of the month of $3,100. Vision Consulting Inc. Trial Balance December 31, 2023 Unadjusted Trial Adjusted Trial Balance Adjustments Balance Account Dr Cr. Dr. Cr Dr. Cr. Accounts payable 450 Accounts receivable 0 Accumulated depreciation, building 9,400 Accumulated depreciation, equipment 2,500 Building 43,000 Cash 63,320 Consulting revenue earned 10,800 Depreciation expense, building 0 Depreciation expense, equipment 0 Equipment 9,000 Interest earned 9,600 Interest expense 10,900 Interest payable 0 Interest receivable 0 Notes receivable 14,500 Prepaid rent 18,500 Rent earned 14,200 Rent expense. 3,800 Retained earnings 370 Share capital 114,900 Short-term notes payable 10,000 Supplies 3,300 Supplies expense 11,700 Unearned rent 6,250 Utilities expense Totals 450 178,470 178,470
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