Cimear's Hair Design Unadjusted Trial Balance 30 Decemeber 1999 Account Dr Cr 51,234 5,784 13,575 27,000 145,000 Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation Accounts payable Notes payable Unearned revenue Share Capital - Ordinary Retained earnings Service revenue Advertising expense Insurance expense Depreciation expense Salaries expense Rent expense Utilities expense Supplies expense 87,500 14,927 6,000 5,433 30,000 20,150 392,620 35,792 8,500 17,500 65,435 98,000 42,837 45,973 556,630 556,630 BUS 202 - Financial Accounting Spring 2022 Assignment Cimear's Hair Design Eimear's S hair design The following tasks need to be completed for Cimear's Hair Design for the month of July. A. Post the Unadjusted Trial Balance to the general ledger. B. Enter the DEC 31 adjusting entries into the general journal. C. Post the adjusting entries for Decemeber into the general ledger. D. Prepare an Adjusted trial balance at 31 Dec 2000. E. Prepare an income statement, a statement of retained earnings, and a balance sheet. 1 31-Dec A note payable of $6,000 has been outstanding since September 1, 2000. Under the terms of the note, the note plus interest (12%) is to be paid on March 1, 2001. No interest has been recorded on the note. 2 3 4 5 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec Salaries of $650 for December will be paid in January. Service provided to a customer for $350 has not been recorded/collected. A computer was purchased on January 1, 1998 for $1,600. The useful life of the computer is 4 years. Record depreciation for a year. On October 1, 2000, the compnay had paid $4,800 as insurance for a six month period. This had been recorded as prepaid insurance. The amount of supplies available on hand at the end of December was $2000. Services were provided (earned) to a customer for $450. The cash was collected in advance on November 28, 2000. $2,000 of the unearned service revenue had been earned 6 7 8