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Chapter 3 question 2 please answer all the requirements please thank you The unadjusted trial balance of Anniston Air Purification System at December 31, 2024,
Chapter 3 question 2 please answer all the requirements please thank you
The unadjusted trial balance of Anniston Air Purification System at December 31, 2024, and the data needed for the adjustments follow. (Click the icon to view the trial balance.) (1) (Click the icon to view the adjusting entry information.) Read the requirements. Requirement 1. Journalize the adjusting entries on December 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) More info Adjustment data at December 31 follow: a. On December 15 , Aurora contracted to perform services for a client receiving $2,700 in advance. Aurora recorded this receipt of cash as Unearned Revenue. As of December 31 , Aurora has completed $1,400 of the services. b. Aurora prepaid two months of rent on December 1. (Assume the Prepaid Rent balance as shown on the unadjusted trial balance represents the two months of rent prepaid on December 1.) c. Aurora used $600 of office supplies. d. Depreciation for the equipment is $400. e. Aurora received a bill for December's online advertising, $800. Aurora will not pay the bill until January. (Use Accounts Payable.) f. Aurora pays its employees on Monday for the previous week's wages. Its employees earn $5,000 for a five-day workweek. December 31 falls on Tuesday this year. g. On October 1, Aurora agreed to provide a four-month air system check (beginning October 1) for a customer for $4,000. Aurora has completed the system check every month, but payment has not yet been received and no entries have been made. Requirements 1. Journalize the adjusting entries on December 31. 2. The T-accounts, along with their unadjusted balances have been opened for you. Post the adjusting entries to the T-accounts. 3. Prepare the adjusted trial balance. 4. How will Anniston Air Purification System use the adjusted trial balance? Requirement 2. The T-accounts, along with their unadjusted balances have been opened for you. Post the adjusting entries to the T-accounts The T-accounts, along with their unadjusted balances, if applicable, have been opened for you. Post the adjusting entries to the T-accounts us Review the adiustina iournal entries vou prebared in Reauirement 1. Requirement 3 . Prepare the adjusted trial balance. Dmuime the T amenante unu nronnrod in Domuirnmant? Requirement 4. How will Anniston Air Purification System use the adjusted trial balance? The company will use the adjusted trial balance toStep by Step Solution
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