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Chirp Hearing is owned by Kathy Truderung and provides hearing aids and other auditory services. At the end of December 2018, the company had the
Chirp Hearing is owned by Kathy Truderung and provides hearing aids and other auditory services. At the end of December 2018, the company had the following adjustments. Interest on the bank loan is set at 10%. One month of interest has accrued Dec 31 The balance of prepaid insurance is for the remaining 6 months of the insurance Dec 31 policy. One month of insurance has been used. The equipment was purchased three months prior at the beginning of the month and will have a useful life of 7 years, after which it will have no residual value. Depreciation is recorded every month. Record depreciation for December. Dec 31 Dec 31 Chirp Hearing completed $410 of work that was previously unearned. Office supplies used during the month totaled $450 Dec 31 Required Using the following trial balance, complete the adjustments and the adjusted trial balance in the spreadsheet. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Unadjusted Trial Adjusted Trial Adjustments Balance Balance DR Account DR CR CR CR Cash 5,200 Accounts Receivable 1,950 Prepaid Insurance 960 Office Supplies 1,350 Equipment 19,152 Accumulated 456 Depreciation Accounts Payable 2,500 Interest Payable Unearned Revenue 1,700 Notes Payable 7,400 Truderung, Capital 13,656 Truderung, 1,500 Withdrawals Service Revenue 8,800 Depreciation Expense Insurance Expense Interest Expense Office Supplies Expense Rent Expense 1,400 Salaries Expense 3,000 Total 34,512 34,512 DR
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