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Instructions Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expense, Insurance Expense, Interest Payable,
Instructions Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expense. E4.11 (LO 2, 3), AP The CCBC Corporation had the following unadjusted trial balance at the end of its fiscal year, July 31, 2025. Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Notes Payable Common Stock Retained Earnings Totals Debit Credit $ 8,175 4,775 1,400 1,500 15,000 $ 6,000 200 3,500 1,000 5,000 15,150 $30,850 $30,850 Additional information for adjusting entries: 1. On July 31, the company had performed $800 of services for a client that it had not billed or recorded. 2. Record rent expense this month. The current balance in Prepaid Rent represents 2 months of rent. 3. Supplies on hand on July 31 were $500. 4. Unrecorded monthly depreciation is $250. 5. Interest is due on the note payable on the first day of each following month, beginning August 1. Interest for July is $2. 6. As of July 31, the company owed $2,500 of salaries and wages to its employees for the month just ended. 7. During July, the company satisfied $2,000 worth of services related to amounts that had previously been recorded as Unearned Service Revenue. This revenue has not yet been recorded. Prepa
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