Question
I'm trying to use this trial balance to answer questions. Here is the trial balance: ABC Company Trial Balance March31,20XX Accounts Debit Credit Cash $27,000
I'm trying to use this trial balance to answer questions.
Here is the trial balance:
ABC Company
Trial Balance
March 31, 20XX
Accounts Debit Credit
Cash $27,000
Accounts Receivable 67,000
Supplies 17,000
Equipment 100,000
Accumulated Depreciation $30,000
Accounts Payable 7,000
Unearned Revenue 5,000
Capital 121,750
Withdrawals 2,000
Fees Earned 100,000
Salary Expense 17,000
Rent Expense 17,500
Office Expense 10,000
Advertising Expense 2,000
Miscellaneous Expense 4,250
Totals $263,750 $263,750
I have to prepare entries for these:
- Previously unearned income was earned, $1,000
- Supplies on hand, $10,000
- Depreciation expense on equipment, $20,000
- Salary expense is $5,000 a week. The month ended on Tuesday. Accrue the salary expense.
- Accrue Service Revenue of $1,500
HELP
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