Question
Hannah Company has the following trial balance and adjustments. Hannah Company Trial Balance June 20, 2007 Trial Balance Adjusted Trial Balance Account Title Debit Credit
Hannah Company has the following trial balance and adjustments.
Hannah Company
Trial Balance
June 20, 2007
| Trial Balance | Adjusted Trial Balance | ||
Account Title
| Debit | Credit | Debit | Credit |
Cash | 6,200 |
|
|
|
Accounts receivable | 6,000 |
|
|
|
Interest receivable |
|
|
|
|
Note receivable | 4,100 |
|
|
|
Supplies | 1,000 |
|
|
|
Prepaid rent | 2,400 |
|
|
|
Equipment | 66,400 |
|
|
|
Accumulated depreciation |
| 16,000 |
|
|
Accounts payable |
| 6,900 |
|
|
Wages payable |
|
|
|
|
Paul Olen, capital |
| 59,500 |
|
|
Paul Olen, withdrawals | 3,600 |
|
|
|
Sales revenue |
| 9,500 |
|
|
Interest revenue |
|
|
|
|
Wage expense | 1,600 |
|
|
|
Rent expense |
|
|
|
|
Depreciation expense |
|
|
|
|
Insurance expense | 400 |
|
|
|
Supplies expense |
|
|
|
|
Utilities expense | 200 |
|
|
|
| 91,900 | 91,900 |
|
|
Adjustments:
1. Hannah sold products to a customer on account for $700.
2. $800 of prepaid rent has been used up.3. Straight line depreciation of $1,200 needs to be recorded.
3. Employees earn $100 per day and the year end is Wednesday. Hannah has 1 employee and pays payroll on Friday.
4. $700 of supplies has been used during the period.
5. Hannah earned $300 in interest that it has NOT received yet.
Required:
Prepare the adjusted trial balance.
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