Adjustment data:

a. Accrued advertising revenue at October 31, $2,900

b. Prepaid rent expired during the month: The unadjusted prepaid balance of $4,000 relates to the period October 2017 through January 2018.

c. Supplies used during October, $200

d. Depreciation on computers for the month: The computers expected useful life is three years.

e. Accrued salary expense at October 31 for Monday through Thursday; the five-day weekly payroll is $2,000.

Required:

• Prepare the adjusting journal entries.
• On the worksheet (draw on EXCEL or use the template from Moodle): complete the columns for a. unadjusted TB; b. Adjusted JEs; c. Adjusted TB; d. Income Statement; e. Trial Balance after closing JEs.

Q3. Consider the unadjusted trial balance of Aztec Ltd. at October 31, 2017, and the related month-end adjustment data. Aztec Inc. Trial Balance October 31, 2017 Credit Debit $ 16,300 7,000 4,000 600 36,000 $ 3,000 8,800 Account Cash Accounts receivable Prepaid rent Supplies Computers Accumulated depreciation Accounts payable Salary payable Share capital Retained earnings Dividend Advertising revenue Salaries expense Rent expense Utilities expense Depreciation expense Supplies expense Total 15,000 21,000 4,600 25,400 4,400 300 $ 73,200 $ 73,200 Adjustment data