Pomeroy Inc. Unadjusted Trial Balance As of December 31, 2021 Debit Credit Cash Accounts Receivable Prepaid Services Supplies (on hand) Equipment Accum. Deprec. (Equip.) Accounts Payable Unearned Revenue Notes Payable Common Stock Retained Earnings Dividends Declared Service Revenue Depreciation Expense Interest Expense Rent Expense Supplies Expense Wages Expense Income Tax Expense Total Pomeroy Inc. Adjusted Trial Balance As of December 31, 2021 Debit Credit Cash Accounts Receivable Prepaid Services Supplies (on hand) Equipment Accum. Deprec. (Equip.) Accounts Payable Unearned Revenue Notes Payable Common Stock Retained Earnings Dividends Declared Service Revenue Depreciation Expense Interest Expense Rent Expense Supplies Expense Wages Expense Income Tax Expense Total Events: a) Purchased $16,400 of equipment for use in the business, paid cash. b) Earned $146,000 in service revenues for 2021, including $136,000 on credit and $10,000 collected in cash. c) Collected accounts receivable, $ 16,900. d) Customers paid $8,400 in advance for future services. e) Paid accounts payable, $8,400. . f) Sold an old vehicle (that was fully depreciated) for $1,200 cash. g) On Sep. 1, paid $14,400 to rent a building for 12 months, starting immediately 2 h) Purchased $1,200 supplies on account for future use. 3 i) Declared and paid a $14,000 cash dividend. Information for Adjustments: 5 1)Determined after a year-end count that $7,200 of supplies had been used during the year. 5 k) Depreciation for the year on the equipment, $5,460. 7 1) Accrued $1,050 interest on an outstanding loan (promissory note). 8 m)Building rental expenses for the year, paid in transaction (e), had not yet been recorded. n) Wages of $9,600 earned by employees since the December 24 payroll were not yet paid. 0 o) Pomeroy recorded $4,000 in sestie provided that had been collected in event (d), but had not yet been recorded. 1 p) During December, Pomeroy accrued $4,700 in service that had been provided to customers on account. 2 a) Income tax for the year was $26,584. It will be paid in 2022. 9 quy 1 rew G Accounts replies for Receable hand) Prepaid Services Account Uneared Revenue Notes Payable Common Stock Deprec Read Emin Grant Period (Merca (0) 0 Regis 12,000 0 (4.500) 12,000 640 16,000 50,000 10,860 (0) 37,000 16,000 b 146,000 c 31,000 14,000 (16,000) 10,000 136,000 16,900 (16,900) 8,400 08.400) 1,200 (14,000 d 8,400 8.400) f (1,200) E 14,000 1,200 1,200 1 (14,000) 15,100 133,100 (14,000) (0) 132,000 14,000 51,800 (4,500) 4,800 9,040 16,000 50,000 10,860 13,200 07.2003 1 (5,460) 1 1,050 m 17,000) (0) 17,200) 15,460) (1,050) 17.000) 19.600) 4,000 4,700 (26,584) 9,600 o (4,000) . 4,700 26,584 15,100 137,800 6,000 7,000 51,800 19,960) 42,034 5,040 16,000 - 50,000 10,860 0 132,000 (48,194) Med Closing Period Ind 15,100 137,800 6,000 7.000 51,800 15,960) 42,034 5,040 16,000 50,000 10,860 (0) 132,000 148,194) Check 207,740 7 207,740 Pomeroy Inc. Unadjusted Trial Balance As of December 31, 2021 Debit Credit Cash Accounts Receivable Prepaid Services Supplies (on hand) Equipment Accum. Deprec. (Equip.) Accounts Payable Unearned Revenue Notes Payable Common Stock Retained Earnings Dividends Declared Service Revenue Depreciation Expense Interest Expense Rent Expense Supplies Expense Wages Expense Income Tax Expense Total Pomeroy Inc. Adjusted Trial Balance As of December 31, 2021 Debit Credit Cash Accounts Receivable Prepaid Services Supplies (on hand) Equipment Accum. Deprec. (Equip.) Accounts Payable Unearned Revenue Notes Payable Common Stock Retained Earnings Dividends Declared Service Revenue Depreciation Expense Interest Expense Rent Expense Supplies Expense Wages Expense Income Tax Expense Total Events: a) Purchased $16,400 of equipment for use in the business, paid cash. b) Earned $146,000 in service revenues for 2021, including $136,000 on credit and $10,000 collected in cash. c) Collected accounts receivable, $ 16,900. d) Customers paid $8,400 in advance for future services. e) Paid accounts payable, $8,400. . f) Sold an old vehicle (that was fully depreciated) for $1,200 cash. g) On Sep. 1, paid $14,400 to rent a building for 12 months, starting immediately 2 h) Purchased $1,200 supplies on account for future use. 3 i) Declared and paid a $14,000 cash dividend. Information for Adjustments: 5 1)Determined after a year-end count that $7,200 of supplies had been used during the year. 5 k) Depreciation for the year on the equipment, $5,460. 7 1) Accrued $1,050 interest on an outstanding loan (promissory note). 8 m)Building rental expenses for the year, paid in transaction (e), had not yet been recorded. n) Wages of $9,600 earned by employees since the December 24 payroll were not yet paid. 0 o) Pomeroy recorded $4,000 in sestie provided that had been collected in event (d), but had not yet been recorded. 1 p) During December, Pomeroy accrued $4,700 in service that had been provided to customers on account. 2 a) Income tax for the year was $26,584. It will be paid in 2022. 9 quy 1 rew G Accounts replies for Receable hand) Prepaid Services Account Uneared Revenue Notes Payable Common Stock Deprec Read Emin Grant Period (Merca (0) 0 Regis 12,000 0 (4.500) 12,000 640 16,000 50,000 10,860 (0) 37,000 16,000 b 146,000 c 31,000 14,000 (16,000) 10,000 136,000 16,900 (16,900) 8,400 08.400) 1,200 (14,000 d 8,400 8.400) f (1,200) E 14,000 1,200 1,200 1 (14,000) 15,100 133,100 (14,000) (0) 132,000 14,000 51,800 (4,500) 4,800 9,040 16,000 50,000 10,860 13,200 07.2003 1 (5,460) 1 1,050 m 17,000) (0) 17,200) 15,460) (1,050) 17.000) 19.600) 4,000 4,700 (26,584) 9,600 o (4,000) . 4,700 26,584 15,100 137,800 6,000 7,000 51,800 19,960) 42,034 5,040 16,000 - 50,000 10,860 0 132,000 (48,194) Med Closing Period Ind 15,100 137,800 6,000 7.000 51,800 15,960) 42,034 5,040 16,000 50,000 10,860 (0) 132,000 148,194) Check 207,740 7 207,740