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Exercise 4-11 Yanik Financial Services Ltd. reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, May 31,

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Exercise 4-11 Yanik Financial Services Ltd. reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, May 31, 2018: Accounts payable $ 2,840 Interest expense $ 1,380 Accounts receivable 19,825 Interest payable 1,430 Accumulated depreciation-equipment 5,635 Prepaid insurance 3,620 Bank loan payable, due 2021 24,700 Rent expense 18,810 Cash 7,460 Rent payable 1,210 Common shares 4,940 Retained earnings 5,140 Depreciation expense 2,235 Salaries expense 18,410 Dividends declared 240 Salaries payable 2,100 Equipment 25,200 Service revenue 55,525 Income tax expense 2,100 Supplies 3,500 Income tax payable 1,420 Supplies expense 1,690 Insurance expense 1,020 Unearned revenue 550 Prepare an adjusted trial balance. Yanik Financial Services LTD. Adjusted Trial Balance May 31, 2018 Debit Credit 2830 Accounts Payable 19825 Accounts Receivable Equipment 5635 Accumulated Depreciation - Equipment 1,020 Unearned revenue 550 Prepare an adjusted trial balance. Yanik Financial Services LTD. Adjusted Trial Balance May 31, 2018 Debit Credit Accounts Payable 2830 Accounts Receivable 19825 Equipment Accumulated Depreciation - Equipment 5635 MacBook Air 80 000 DOO

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