need help finishing Part 5: a) Prepare an adjusted trial balance at March 31, 2014. thats below
a) Prepare an adjusted trial balance at March 31, 2014. HINT: Where would you look to find the information needed to prepare the adjusted trial balance? SunBlush Technologies Inc. Adjusted Trial Balance March 31, 2014 Debit Credit Cash 135,264 Accounts Receivable 135,092 Accounts Payable 7,800 Prepaid Insurance 500 Furniture 21,600 Accumulated Depreciation, Furniture 158 Salaries Expense Unearned Consulting Revenue Share Capital 150,500 Retained Earnings. 60,500 Dividends 340 Food and Drinks Expense 85 Repair Expense 700 Utilities Expense 600 Accumulated Depreciation, Building 3,000 Building. 43,000 Consulting Revenue Earned 29,631 Unearned Consulting Revenue 10,500 Totals 337,339 337,339 Note that any incorrect entries are highlighted red, but there may also be some entries missing. H Z h 0 lifa 1.lyryx.com F Page Gj1 Debit Credit 25,000 25,000 Page GJ2 F Debit Credit 13,280 13,280 6,000 5,312 6.000 5,312 10,624 General Journal Date Account Explanation 1/Mar Cash Share Capital Issued shares 1/Mar Prepaid Insurance Cash Prepaid for insurance 3/Mar Accounts Receivable Consulting Revenue Earned Earned consulting revenue .......... Unearned Consulting Revenue... Received payment for consulting in advance 5/Mar Furniture...... Accounts Payable Received furniture General Journal Date Account/Explanation B/Mar Accounts Receivable Consulting Revenue Earned Eamed consulting revenue 13/Mar Accounts Receivable Consulting Revenue Earned Eamed consulting revenue 15/Mar Food and Drinks Expense. Cash ......... Paid for dinner with client 15/Mar Accounts Payable Cash.... Paid invoice for furniture 22/Mar Utilities Expense. Accounts Payable Received bill for utilities expense 46 10,624 46 3/Mar Cash....... 10,500 21,600 10.500 21,600 600 21,600 600 21,600 Page GJ4 F Debit Credit 340 340 General Journal Date Account/Explanation 31/Mar Dividends Cash Dividends 31/Mar Repair Expense. Cash Paid for repairs to building 700 700 General Joumal Page GJ3 Date Account/Explanation F Debit Credit 23/Mar Cash 10,624 Accounts Receivable ........... 10,624 Received customer payment 23/Mar Food and Drinks Expense 39 Cash 39 Paid for dinner with client 25/Mar Salaries Expense 14,450 Cash 14,450 Paid cash for salaries 31/Mar Cash 415 Consulting Revenue Eamed 415 Earned and received consulting revenue 31/Mar Accounts Payable 600 Cash 600 Paid bill for utilities expense No journal entry was required for each of the following: Placed order for furniture (Purchase Order 3755) Hired new employee (Inter-Office Memo 2) Part 1 [70 points] SunBlush Technologies Inc. is a small computer consulting business. The company is organized as a corporation and provides consulting services, computer system installations, and custom program development. SunBlush Technologies Inc. showed the following alphabetized post-closing trial balance at February 28, 2014. Account Balance Accounts payable... 78,000 Accounts receivable 116,500 Accumulated depreciation, building. 3,000 Building. 43,000 Cash 132,500 Retained earnings. 60,500 Share capital. 150,500 Note: There were 1,000 shares issued and outstanding on February 28, 2014. Depreciation on the building is $800 per month. SunBlush Technologies Inc.'s salaries expense is a total of $850 per day for each work day (Monday-Friday) in the month (for simplicity, please ignore all statutory holidays). The following source documents are from March : Deposit slip (March 1) Invoice 7516 Inter-Office Memo 3 Receipt 8074
