Additional information:

1. $1800 of supplies has been used during the month.

2. Insurance expires at the rate $150 per month.

3. $5000 of the unearned service revenue has been earned.

4. Salaries of $1600 are accrued & unpaid at March 31.

5. The furniture depreciates $100 per month.

6. Alfredo performed services for $3200 during the month has not been recorded as of March 31.

Instructions:

Given the unadjusted trial balance for Alfredo Company on March 31, 2011, and knowing that Alfredo prepares its financial statements each 3 months, prepare the adjusting entries for the quarter

Alfredo Company Unadjusted Trial Balance March 31, 2011 Account Debit Credit Cash $9150 S8000 $5000 S4000 Accounts Receivable Prepaid Insurance Supplies Office Furniture Accounts Payable Unearned Service Revenue Alfredo Capital $15000 $6000 $8000 $20000 Retained Earnings $8150 $10000 Service Revenue Salaries expense Rent expense S8000 $3000 Total S52150 $52150