Question
Problem 4-27 Adjusting Entries and Trial Balance The unadjusted trial balance of Sweet Cheeks Facial Spa is shown as follows: Additional Information: On September 30,
Problem 4-27 Adjusting Entries and Trial Balance
The unadjusted trial balance of Sweet Cheeks Facial Spa is shown as follows:
Additional Information:
On September 30, Sweet Cheeks completed a service for which it had received payment in August, $1,500.
On September 30, Sweet Cheeks determined that it had earned but not yet billed revenues of $500.
Monthly depreciation on Sweet Cheeks' equipment is $150.
The interest rate on the promissory note is 6%.
A count of the supplies revealed $500 of supplies remaining on September 30.
Required:
A.
Prepare all necessary adjusting entries for the month of September. |
B. Assume the trial balance was last adjusted on August 31. Prepare an adjusted trial balance as of September 30. List the accounts in chart of accounts order.
|
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