Bev Plumber, the owner of BP Plumbing Services, has been in business for two years. The unadjusted trial balance for December 31, regarding the year just ended,

follows.

BP Plumbing Services

Unadjusted Trial Balance

December 31, 2022

Account

Debit

Credit

Cash

........................

$2,800

Accounts Receivable

........................

4,955

Office Supplies

........................

420

Prepaid Advertising

........................

3,200

Prepaid Rent

........................

12,600

Truck

........................

36,000

Accumulated Depreciation, Truck .............

0

Accounts Payable

........................

2,900

Interest Payable

........................

0

Salaries Payable

........................

0

Unearned Consulting Fee.........................

2,600

Notes Payable

........................

18,000

Bev Plumber, Capital

........................

24,000

Bev Plumber, Drawings

........................

3,650

Plumbing Fees Earned

........................

77,534

Depreciation Expense, Truck .....................

0

Salaries Expense

........................

24,960

Interest Expense

........................

2,045

Rent Expense

........................

26,000

Office Supplies expense

........................

1,486

Advertising Expense

........................

2,118

Utilities Expense

........................

4,800

Totals

$125,034

125,034

The following additional information is available on December 31, 2022.

a.

Accrued salaries year end totaled $5,300

b.

$1,350 of the balance in the Prepaid Advertising Account had been used.

c.

The truck was purchased on Jan 1, 2022. It has a useful life of 5 years.

d.

The December utility bill for $680 was received on December 31. It is

unrecorded and unpaid.

e.

The balance in the Prepaid Rent is for four (4) months of rent beginning

October 1, 2022.

f.

A count of the office supplies on December 31 showed $158remaining.

g.

Consulting fees earned at year end were $760. The client has not been billed.

h.

$1,700 of the balance in the Unearned Consulting Fees remained unearned at

December 31.

i.

December's interest in the amount of $486 had accrued on the Notes Payable.

Instructions:

Prepare the annual adjusting journal entries based on the information in the unadjusted trial balance and the above additional information.

Use the General Journal data entry form provided in the LEARN ASSESSMENT DROPBOX or located in the Learn Content for this Module.