Exercise 4-11

The unadjusted trial balance for Sierra Corp. is shown below.

SIERRA CORPORATION Trial Balance October 31, 2014
Debit	Credit
Cash	$16,040
Supplies	3,260
Prepaid Insurance	678
Equipment	5,160
Notes Payable	$5,160
Accounts Payable	2,540
Unearned Service Revenue	1,420
Common Stock	10,300
Retained Earnings	0
Dividends	640
Service Revenue	13,100
Salaries and Wages Expense	4,000
Rent Expense	2,742
$32,520	$32,520

Instead of the adjusting entries shown in the text at October 31, assume the following adjustment data.

1.	Supplies on hand at October 31 total $510.
2.	Expired insurance for the month is $113.
3.	Depreciation for the month is $99.
4.	As of October 31, services worth $990 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 $352.
6.	Interest expense accrued at October 31 is $82.
7.	Accrued salaries at October 31 are $1,500.

Prepare the adjusting entries for the items above.(Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

No.	Account Titles and Explanation	Debit	Credit
1.
2.
3.
4.
5.
6.
7.