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Chirp Hearing is owned by Christina Piller and provides hearing aids and other auditory services. At the end of April 2016, the company had
Chirp Hearing is owned by Christina Piller and provides hearing aids and other auditory services. At the end of April 2016, the company had the following adjustments. Apr 30 Interest on the bank loan is set at 9%. One month of interest has accrued. Apr 30 The balance of prepaid insurance is for the remaining 9 months of the insurance policy. One month of insurance has been used. The equipment was purchased two months prior at the beginning of the month and will have a useful life of 7 years, after which it will Apr 30 have no residual value. Depreciation is recorded every month. Record depreciation for April. Apr 30 Chirp Hearing completed $550 of work that was previously unearned. Apr 30 Office supplies used during the month totalled $280. Required Using the following trial balance, complete the adjustments and the adjusted trial balance in the worksheet. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Chirp Hearing Worksheet April 30, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account DR CR DR CR DR CR Cash 4,200 Accounts Receivable 2,970 Prepaid Insurance 2,250 Office Supplies 1540
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