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ning Cnuies I general journal form 4B. Adjusting Entries The Wheel Place, Inc., began operations on March I to provide automotive ignment and balancing services.
ning Cnuies I general journal form 4B. Adjusting Entries The Wheel Place, Inc., began operations on March I to provide automotive ignment and balancing services. On March 31, 2015, the unadjusted balances of the firm's are as follows: THE WHEEL PLACE, INC Unadjusted Trial Balance March 31, 2015 Debit Credit Prepaid rent Supplies Equipment . Accounts payable.. . . .1,900 5,820 4,770 3,700 36,180 . 4,510 1,500 38,400 12,360 Common stock.... Service revenue . 4,400 The following information is also available. 1. The balance in Prepaid Rent was the amount paid on March 1 to c 2. Supplies on hand on March 31 amounted to $1,920. 3. The equipment has an estimated life of nine years. 4. Unpaid wages at March 31 were $660. 5. Utility services used during March were estimated at $590. A bill is expected early in April
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