Exercise 4-11

The unadjusted trial balance for Flint Corporation is shown below.

FLINT CORPORATION Trial Balance October 31, 2017
		Debit		Credit
Cash		$15,480
Supplies		3,000
Prepaid Insurance		660
Equipment		4,550
Notes Payable				$4,550
Accounts Payable				2,110
Unearned Service Revenue				1,920
Common Stock				10,280
Retained Earnings				0
Dividends		630
Service Revenue				13,240
Salaries and Wages Expense		4,000
Rent Expense		3,780
		$32,100		$32,100

Assume the following adjustment data.

1.		Supplies on hand at October 31 total $670.
2.		Expired insurance for the month is $110.
3.		Depreciation for the month is $105.
4.		As of October 31, services worth $930 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 $330.
6.		Interest expense accrued at October 31 is $80.
7.		Accrued salaries at October 31 are $1,560.

Prepare the adjusting entries for the items above. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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

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