Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

could i have some help with this? Credit PIONEER ADVERTISING INC. Trial Balance October 31, 2017 Debit Cash $ 15,200 Supplies 2,500 Prepaid Insurance 600

could i have some help with this? image text in transcribed
Credit PIONEER ADVERTISING INC. Trial Balance October 31, 2017 Debit Cash $ 15,200 Supplies 2,500 Prepaid Insurance 600 Equipment 5,000 Notes Payable Accounts Payable Uncarned Service Revenue Common Stock Retained Earnings Dividends 500 Service Revenue Salaries and Wages Expense 4,000 Rent Expense 900 $28,700 $ 5,000 2,500 1,200 10,000 10,000 $28,700 The trial balance for Pioneer Advertising Inc. is shown in Illustration 3.3. Instead of the adjusting entries shown in the text at October 31, assume the following adjustment data. Supplies on hand at October 31 total $500. Expired insurance for the month is $100. Depreciation for the month is $50. Services related to unearned service revenue in October worth $600 were performed. Services performed but not recorded at October 31 are $300. Interest accrued at October 31 is $95. Accrued salaries at October 31 are $1,625. Instructions Prepare the adjusting entries below for the items above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding And Auditing IT Systems Volume 1

Authors: Young-Woon Min

2nd Edition

978-1257124084

More Books

Students also viewed these Accounting questions

Question

which of the following is an example of iaas

Answered: 1 week ago