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convert the unajusted trial balance to adjusted trial balnce please Butler's Equipment Rentals, Inc, began business in 2010. The following list of accounts and their

convert the unajusted trial balance to adjusted trial balnce please
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Butler's Equipment Rentals, Inc, began business in 2010. The following list of accounts and their balances represents the unadjusted trial balance of Butler's Equipment Rentals, Inc. at December 31, 2014, the end of the annual accounting period. BUTLER'S EQUIPMENT RENTALS, INC. Trial Balance December 31, 2014 Debit Credit Cash $ 16,500 Prepaid Insurance 4,320 Supplies 13,200 Land 62,000 Building 50,000 Equipment 130,000 Accumulated Depreciation-Building $ 10,000 Accumulated Depreciation-Equipment 52,000 Note Payable 50,000 Accounts Payable 9,310 Unearned Rent Revenue 10.200 Common Stock 30,000 Retained Earnings 60,660 Dividends 31,000 Rent Revenue 161,960 Salaries and Wages Expense. 70,600 Interest Expense 3,500 Miscellaneous Expense 3,010 $384.130 $384 130 Additional data: 1. On November 1, 2014, Butler received $10,200 rent from a lessee for a 12-month equipment lease beginning on that date and credited Unearned Rent Revenue for the entire collection 2. Per a physical observation at December 31, 2014, Butler determines that supplies costing $2,200 were on hand at the balance sheet date. The cost of supplies is debited to an asset account when purchased. 3. Prepaid Insurance contains the premium cost of a policy that is for a 3-year term and was taken out on May 1, 2014 4. The cost of the building is being depreciated at a rate of 5% per year. 5. The cost of the equipment is being depreciated at a rate of 10% per year. 6. The note payable bears interest at 12% per year. Interest is payable each August 1. The $50,000 principal is due in full on August 1, 2019. 7. At December 31, 2014, Butler has some equipment in the hands of renters who have used the equipment but have not yet been billed. They will make payment of $1,400 on January 2, 2015 8. Employees are paid total salaries of $6,400 every other Friday for a two-week period ending on that payday, December 31, 2014 falls on a Wednesday. The last payday of the year is the last Friday in the year. The work week is Monday through Friday already done

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