I received a problem for homework here it is:

Use the following unadjusted trial balance to prepare adjusting entries, given the additional information below it. Assume financial statements are prepared quarterly.

Leipzig Financial Services has an unadjusted trial balance at September 30, 2003

Debit Credit

Cash $ 10,000

Accounts Recievable. 3,200

Office Supplies. 500

Prepaid Rent 1,800

Office Furniture 4,800

Accumulated Depreciation, Furn $200

Account Payable 7,400

Unearned Revenue 1,000

Jed Leipzig,Capital 10,200

Consulting Revenue 6,000

salaries expense. 3,700

Insurance Expense 800

$24,800 $24,800

Answer 1-6

1. Of the consulting revenue 20% was unearned on September 30

2. The office furniture has an estimated five-year useful life and no salvage value. Record the accumulated depreciation for the year.

3. Salaries earned, but unpaid totaled $360

4. The prepaid rent applies to the 12 month period may 1, 2003

5. Office supplies on hand totaled $380 at the end of the quarter

6. services performed but not yet billed or recorded amount to $900.