Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CALCULATOR PRINTER VERSION BACK N Exercise 4-11 The unadjusted trial balance for Flint Corporation is shown below. FLINT CORPORATION Trial Balance October 31, 2017 Debit

image text in transcribedimage text in transcribed

CALCULATOR PRINTER VERSION BACK N Exercise 4-11 The unadjusted trial balance for Flint Corporation is shown below. FLINT CORPORATION Trial Balance October 31, 2017 Debit Cred $15,480 Cash Supplies 3,000 Prepaid Insurance 660 4,550 Equipment Notes Payable $4,550 Accounts Payable 2,110 Unearned Service Revenue 1,920 Common Stock 10,280 Retained Earnings Dividends 630 Service Revenue 13,240 Salaries and Wages Expense 4,000 3,780 Rent Expense $32,100 $32,100 Assume the following adjustment data Supplies on hand at October 31 total $670 2. Expired insurance for the month is $110 3. Depreciation for the month is $105. 4. As of October 31, services worth $930 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $330 6. Interest expense accrued at October 31 is $80. 7. Accrued salaries at October 31 are $1,560. Prepare the adjusting entries for the items above. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions