Question :

1 Make unadjusted Trial Balance

2. Make Adjusted Trial Balance

PC Depot was a retail store for personal computers and hand-held calculators, selling several national brands in each product line. The store was opened in early September by Barbara Thompson, a young woman previously employed in direct computer sales for a national firm specializing in business computers. Thompson knew the importance of adequate records. One of her first decisions, therefore, was to hire Chris Jarrard, a local accountant, to set up her bookkeeping system. Jarrard wrote up the store's preopening financial transactions in journal form to serve as an example (Exhibit 1). Thompson agreed to write up the remainder of the store's September financial transactions for Jarrard's later review Entry Account Amount Number Dr. C. (1) Cash 65,000 Bank Loan Payable (15%) 100,000 Proprietor's Capital 65,000 (2) Rent Expense (September) 1,485 Cash 1,485 (3) Merchandise Inventory 137,500 Account Payable 137,500 Furniture and Fixtures (10-year life) 15,500 Cash 15,500 (5) Advertising Expense 1,320 Cash 1.320 (6) Wages Expense 935 Cash 935 (7) Office Supplies Expense 1,100 Cash 1,100 (8) Utilities Expense 275 Cash 275 At the end of September. Thompson had the following items to record: Account Entry Number (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) Cash sales for September Credit sales for September Cash received from credit customers Bills paid to merchandise supplier New merchandise received on credit from supplier Ms. Thompson ascertained the cost of merchandise sold was Wages paid to assistant Wages earned but unpaid at the end of September Rent paid for October Insurance bill paid for one year (September 1-August 31) Bills received, but unpaid, from electric company Purchased sign, paying S660 cash and agreeing to pay the 31 100 balance by December 31 Amount Cr $38,000 14,850 3,614 96,195 49,9.40 38,140 688 440 1,485 2,310 226 1.700