Exercise 3-09

The trial balance for Pioneer Advertising is shown below.

Pioneer Advertising Trial Balance October 31, 2017
	Debit		Credit
Cash	$15,200
Supplies	2,500
Prepaid Insurance	600
Equipment	5,000
Notes Payable			$5,000
Accounts Payable			2,500
Unearned Service Revenue			1,200
Owners Capital			10,000
Owners Drawings	500
Service Revenue			10,000
Salaries and Wages Expense	4,000
Rent Expense	900
	$28,700		$28,700

Assume the following adjustment data.

1.		Supplies on hand at October 31 total $500.
2.		Expired insurance for the month is $120.
3.		Depreciation for the month is $50.
4.		Services related to unearned service revenue in October worth $600 were performed.
5.		Services performed but not recorded at October 31 are $360.
6.		Interest accrued at October 31 is $95.
7.		Accrued salaries at October 31 are $1,625.