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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:

  1. Previously unearned income was earned, $1,000
  2. Supplies on hand, $10,000
  3. Depreciation expense on equipment, $20,000
  4. Salary expense is $5,000 a week. The month ended on Tuesday. Accrue the salary expense.
  5. Accrue Service Revenue of $1,500

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