Question
Journalize, Ledger, Adjusted Trial Balance, Income Statement,Closing Entry. AA Co. Unadjusted trial balance May 31,2017 Debit CASH 8250 supplies 1000 Equipment 18000 Ad Expense 250
Journalize, Ledger, Adjusted Trial Balance, Income Statement,Closing Entry.
AA Co.
Unadjusted trial balance
May 31,2017
Debit
CASH 8250
supplies 1000
Equipment 18000
Ad Expense 250
Salaries expense 2000
Dividends 1500
Total 31000
Credit
unearned revenue 2000
Notes payable 9000
Common stock 15000
Service revenue 5000
Total 31000
1. On may 31, AA co. filmed the retirement reception for costumer who paid $2,000 on May 10.
2.On may 31, AA Co. filmed the first night of the two-night local fair. The second night will be filmed
on june 1, at which time AA Co. will bill the costumer. The costumer has agreed to pay $1500 for each night.
3.After physical count, A Co.determined that it had $650 of supplies remaining.
4.The interest rate for the promisory note is 6%.
5.AA Co. estimates that depriciation for May on its two camera total $600.
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