Question
Bella's Beauty Salon's unadjusted trial balance for the current year follows:?? ??Additional information: ??a. An insurance policy examination showed $1,240 of expired insurance.? b. An
Bella's Beauty Salon's unadjusted trial balance for the current year follows:??
??Additional information:
??a. An insurance policy examination showed $1,240 of expired insurance.?
b. An inventory count showed $210 of unused shop supplies still available.?
c. Depreciation expense on shop equipment, $350.?
d. Depreciation expense on the building, $2,220.
?e. A beautician is behind on space rental payments and $200 of accrued revenue was unrecorded at the time the trial balance was prepared.
?f. $800 of the Unearned Rent account balance was earned by year-end.?
g. The one employee, a receptionist, works a five-day workweek at $50 per day. The employee was paid last week but has worked four days this week for which she has not been paid.?
h. Three months' property taxes, totaling $450, have accrued. This additional amount of property taxes expense has not been recorded.
?i. One month's interest on the note payable, $600, has accrued but is unrecorded. ?
Required: Based on the additional information, prepare the adjusting journal entries for Bella's Beauty Salon.
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