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ed out of g on Take me to the text Roy Services had completed all of its journal entries for the month of May 2016
ed out of g on Take me to the text Roy Services had completed all of its journal entries for the month of May 2016 and posted them to the general ledger. Based on the ledger balances, an unadjusted trial balance has been prepared. Roy Services Unadjusted Trial Balance May 31, 2016 Account Titles DR Cash $34,610 Accounts Receivable $8,880 Prepaid Insurance $2,160 Equipment $13,710 Accounts Payable Unearned Revenue Bank Loan Roy, Capital Service Revenue Interest Expense Rent Expense Salaries Expense Telephone Expense Travel Expense Total CR $25,980 $3,050 $2,120 $19,152 $25,900 $82 $1,480 $7,520 $240 $7,520 $76,202 $76,202 The following adjustments must be made at the end of May. May 31 The balance of prepaid insurance represents a 12-month policy. One month has been used. au 31 Depreciation of equipment for the month is $1,000. Qui
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