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please can you make it as fast as you can please quickly Learning Objectives 3, 4 P3-41B Journalizing and posting adjustments to the T-accounts and
please can you make it as fast as you can
please quickly
Learning Objectives 3, 4 P3-41B Journalizing and posting adjustments to the T-accounts and preparing an adjusted trial balance The unadjusted trial balance of Canton Air Purification System at December 31, 2014, and the data needed for the adjustments follow. 3. Adjusted trial balance, $68,430 total CANTON AIR PURIFICATION SYSTEM Unadjusted Trial Balance December 31, 2014 Balance Debit Credit $ 7,200 19,400 2,200 1,600 20,000 $ 3,700 3,400 I Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Canton, Capital Canton, Withdrawals Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Advertising Expense Supplies Expense Total 2,600 39,000 9,600 15.900 3,300 1,300 64,600 $ 64,600 Adjustment data at December 31 follow: a. On December 15, Canton contracted to perform services for a client receiving $2,000 in advance. Canton recorded this receipt of cash as Unearned Revenue. As of December 31, Canton has completed $1,800 of the services. b. Canton prepaid two months of rent on December 1 Step by Step Solution
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