Consider the unadjusted trial balance of PrincessPrincess, Inc. at December 31, 2016, and the related month-end adjustment data.

Requirements

Using the worksheet, prepare the adjusted trial balance of PrincessPrincess, Inc. at December 31, 2016. The unadjusted balances have been entered for you. Key each adjusting entry by letter.

Adjustment data at December31, 2016:

a.

Accrued service revenue at

December 31, $3,980.

b.

Prepaid rent expired during the month. The unadjusted prepaid balance of $2,400 relates to the period December 1, 2016 through February 28, 2017.

c.

Supplies used during December, $1,500.

d.

Depreciation on furniture for the month. The estimated useful life of the furniture is five years.

e.

Accrued salary expense at

December 31 for Monday, Tuesday and Wednesday. The five-day weekly payroll of $18,000

will be paid on Friday.

Princess, Inc.

Trial Balance Work Sheet

December 31, 2016

		Trial Balance		Adjustments
	Account	Debit	Credit		Debit		Credit
	Cash	9,000
	Accounts receivable	1,000
	Prepaid rent	2,400		b.	12000
	Supplies	1,800
	Furniture	75,000
	Accumulated depreciation, furniture		3,900
	Accounts payable		3,800
	Salary payable
	Common stock		14,000
	Retained earnings		52,160
	Dividends	3,600
	Service revenue		22,900			a.	3,980
	Salary expense	3,500		e.	21500
	Rent expense			b.
	Utilities expense	460
	Depreciation expense
	Supplies expense			c.	1,500
	Total	96,760	96,760		35000		3980

My values 21500, 12000, b and b are wrong.