Exercise 4-11

The unadjusted trial balance for Pronghorn Corp is shown below.

PRONGHORN CORP Trial Balance October 31, 2022
		Debit		Credit
Cash		$16,100
Supplies		3,390
Prepaid Insurance		750
Equipment		4,710
Notes Payable				$4,710
Accounts Payable				2,860
Unearned Service Revenue				1,810
Common Stock				11,240
Retained Earnings				0
Dividends		620
Service Revenue				10,200
Salaries and Wages Expense		4,000
Rent Expense		1,250
		$30,820		$30,820

Assume the following adjustment data.

1.		Supplies on hand at October 31 total $620.
2.		Expired insurance for the month is $125.
3.		Depreciation for the month is $110.
4.		As of October 31, services worth $900 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 $350.
6.		Interest expense accrued at October 31 is $75.
7.		Accrued salaries at October 31 are $1,445.

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	enter an account title to record the first transaction	Enter a debit amount	Enter a credit amount
		enter an account title to record the first transaction	Enter a debit amount	Enter a credit amount
2.	Oct. 31	enter an account title to record the second transaction	Enter a debit amount	Enter a credit amount
		enter an account title to record the second transaction	Enter a debit amount	Enter a credit amount
3.	Oct. 31	enter an account title to record the third transaction	Enter a debit amount	Enter a credit amount
		enter an account title to record the third transaction	Enter a debit amount	Enter a credit amount
4.	Oct. 31	enter an account title to record the fourth transaction	Enter a debit amount	Enter a credit amount
		enter an account title to record the fourth transaction	Enter a debit amount	Enter a credit amount
5.	Oct. 31	enter an account title to record the fifth transaction	Enter a debit amount	Enter a credit amount
		enter an account title to record the fifth transaction	Enter a debit amount	Enter a credit amount
6.	Oct. 31	enter an account title to record the sixth transaction	Enter a debit amount	Enter a credit amount
		enter an account title to record the sixth transaction	Enter a debit amount	Enter a credit amount
7.	Oct. 31	enter an account title to record the seventh transaction	Enter a debit amount	Enter a credit amount
		enter an account title to record the seventh transaction	Enter a debit amount	Enter a credit amount