Hertz Limo Service was organized to provide Iimousine service between the airport and various suburban locations. It has just completed its second year of business. Its trial bals Hertz Limo Service Trial Balance June 30, 2014 ce follows. 8. 9. 10. Cash (111) Accounts Receivable (113) Prepaid Rent (117) Prepaid Insurance (118) 9,812 14,227 12,000 4,900 12,000 11,310 200,000 12. 13. 14.! O Prepaid Maintenance (119) Spare Parts (140) Limousines (148) Accumulated Depreciation- Limousines (149) Notes Payable (211) Unearned Passenger Service Revenue (212) A. Phylum, Capital (311) A. Phylum, Withdrawals (313) Passenger Service Revenue (411) Gas and Oil Expense (510) Salaries Expense (511) Advertising Expense (513) 15. 25,000 45,000 30,000 78,211 16. O 20,000 428,498 89.300 206,360 26,800 6D6,709 606,709 The following information is also available a. To obtain space at the airport, _ertz paid two years' rent in advance wben it began the business b. An examination of insurance policies reveals that $2,800 expired during the year c. To provide regular mai d. An inventory of spare parts shows $1,902 on hand. ntenance for the vehicles, Hertz deposited $12,000 with a local garage. An examination of maintenance invoikes reveals oharges of $10,944 against the deposit e. Hertz depreciates all of its limousines at the rate of 12.5 percent per year Ne linnusmes wer urensud duringhe her pouri artwe it thi River all e. Hertz depreciates all of its limousines at the rate of 12.5 percent per year. No limousines were purchased during the year (Round answer to the neareat doilar) on notes pa f. A payment of $1,500 for one full year's interest on notes payable is now due. 17,815 for tickets that employers pu Uneaned Passenger Service Revenue on June 30 includes $17,815 for tickets that employers ourchased for use ty their executives but whicth have not yet been redeemed require an entry, leave it blank. Enter the adjuating entries in the order shown above io through g g. U 1. Determine adjusting entries and enter them in the general journal (Page 14). If an amount box does not in the additional information section. PAGE 14 GENERAL JOURNAL CREDIT DEBIT POST, REF DATE DESCRIPTION