Pete's Roofing, Inc.
Unadjusted Trial Balance
December 31, 2014
Account		Debit	Credit
Cash		$ 5,000
Accounts Receivable		20,000
Supplies		6,000
Prepaid Rent		10,500
Equipment		850,000
Accumulated Depreciation			235,000
Other Assets		65,000
Accounts Payable			10,500
Unearned Service Revenue			12,500
Note Payable			60,000
Common Stock			285,000
Retained Earnings			35,000
Service Revenue			625,000
Wages Expense		205,000
Rent Expense		92,600
Interest Expense		8,900
Totals		$ 1,263,000	$ 1,263,000
At year end, you have the following data for adjustments:
a. An analysis indicates that prepaid rent on December 31 should be $4,000
b. A physical inventory shows that $1,650 of office supplies is on hand.
c. Depreciation for 2014 is $40,000
d. An analysis indicates that unearned service revenue should be $6,500
e. Wages of $5,500 are owed but unpaid and unrecorded at year end.
f. Six month's interest at 5% on the note was paid on September 30. Interest
for the period October 1 to December 31 is unpaid and unrecorded.
REQUIRED:				Points
1. Prepare the adjusting entries.				5
2. After posting the adjusting entries, prepare an adjusted trial balance.				5