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BILL'S BOARDS Unadjusted Trial Balance Account Name Debits Cash $ 10,500 Accounts Receivable 820 Prepaid Rent 720 Supplies Equipment Accumulated Depreciation Accounts Payable 0
BILL'S BOARDS Unadjusted Trial Balance Account Name Debits Cash $ 10,500 Accounts Receivable 820 Prepaid Rent 720 Supplies Equipment Accumulated Depreciation Accounts Payable 0 6,400 At September 30 Credits $ 0 2,210 Deferred Revenue 1,590 Notes This balance equals the balance reported by the bank. A customer ordered $820 of advertising services to be provided in October. The accountant recorded this service by debiting Accounts Receivable and crediting Service Revenue. Starting January 1, BB agreed to pay $1,080 cash to rent the land on which its billboards are located, for the January-December period. The accountant adjusted this account on April 30 but has not adjusted it since. BB still has supplies costing $210 on hand on September 30. BB bought scaffolding and billboards in October last year. Because the equipment was bought at the beginning of the fiscal year, no depreciation is carried forward from prior years. BB purchased and received $2,210 of supplies used for creating advertising displays. The supplier is to be paid in October. This balance relates to $1,590 cash paid by a customer in August for advertising from September 1-November 30.
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