December 31, 2018 Trial Balance of Target Inc.

	DEBITS	CREDITS
Equipment	$192,000
Accumulated Depreciation		$60,000
Notes Payable		$90,000
Admission Revenue		$380,000
Advertising Expense	$13,680
Salaries Expense	$57,600
Interest Expense	$1,400

FACTS:

1. Equipment has an estimated useful life of 16 years and a salvage value of $40,000. (Target Inc. uses straight line)

2. The note payable is a 90-day note given to the bank on October 20th and bears interest at 10% (assume a 360 day year)

3. In December, target Inc. sold 2,000 coupon admission books at $25 each. ( These coupons cannot be used until January 1st, 2019.)

4. Advertising expense included $1,100 that was paid in advance.

5. Salaries that have accrued but remain unpaid are $4,700.

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Complete the Adjustments, Adjusted Trial Balance
	TRIAL BALANCE		#	ADJUSTMENTS		ADJUSTED TRIAL BALANCE
	DEBIT	CREDIT		DEBIT	CREDIT	DEBIT	CREDIT
Equipment	$192,000
Accumulated Depreciation		$60,000
Notes Payable		$90,000
Admission Revenue		$380,000
Advertising Expense	$13,680
Salaries Expense	$57,600
Interest Expense	$1,400
Salary Expense
Depreciation Expense
Interest Payable
Unearned Admission Revenue
Revenue
Prepaid advertising
Salary Payable