Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Current Attempt in Progress The unadjusted trial balance for Marigold Corp. is shown below. MARIGOLD CORP. Trial Balance October 31, 2022 Debit Credit Cash $16,070
Current Attempt in Progress The unadjusted trial balance for Marigold Corp. is shown below. MARIGOLD CORP. Trial Balance October 31, 2022 Debit Credit Cash $16,070 Supplies 2.880 Prepaid Insurance 750 Equipment 4.800 Notes Payable $4,800 Accounts Payable 2.500 Unearned Service Revenue 1,760 Common Stock 11,150 Retained Earnings Dividends 690 Service Revenue 10,100 Salaries and Wages Expense 4,000 Rent Expense 1,120 $30,310 $30,310 Assume the following adjustment data. 1. Supplies on hand at October 31 total $570. 2. Expired insurance for the month is $125. 3. Depreciation for the month is $105. 4. As of October 31, services worth $880 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $310. 6. Interest expense accrued at October 31 is $90. 7. Accrued salaries at October 31 are $1,525. No. Date Account Titles and Explanation Debit Credit 1. Oct. 31 2. Oct. 31 3. Oct. 31 4. Oct. 31 5. Oct. 31 6. Oct. 31 7. Oct. 31
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started