Question 1

The ledger of Splish Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared.

		Debit			Credit
Prepaid Insurance		$3,912
Supplies		2,576
Equipment		23,910
Accumulated Depreciation-Equipment					$8,799
Notes Payable					19,490
Unearned Rent Revenue					4,650
Rent Revenue					64,390
Interest Expense		0
Salaries and Wages Expense		15,370

An analysis of the accounts shows the following.

1.		The equipment depreciates $243 per month.
2.		One-third of the unearned rent was earned as revenue during the quarter.
3.		Interest of $510 is accrued on the notes payable.
4.		Supplies on hand total $703.
5.		Insurance expires at the rate of $326 per month.

Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expenses. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

No.	Account Titles and Explanation	Debit	Credit
1.
2.
3.
4.
5.

Question 2

The following trial balance of Monty Traveler Corporation does not balance.

MONTY TRAVELER CORPORATION TRIAL BALANCE APRIL 30, 2017
		Debit				Credit
Cash			$6,028
Accounts Receivable			5,280
Supplies			3,007
Equipment			6,140
Accounts Payable							$7,084
Common Stock							8,040
Retained Earnings							2,040
Service Revenue							5,240
Office Expense			4,360
			$24,815				$22,404

An examination of the ledger shows these errors.

1.		Cash received from a customer on account was recorded (both debit and credit) as $1,380 instead of $1,830.
2.		The purchase on account of a computer costing $3,360 was recorded as a debit to Office Expense and a credit to Accounts Payable.
3.		Services were performed on account for a client, $2,290, for which Accounts Receivable was debited $2,290 and Service Revenue was credited $229.
4.		A payment of $135 for telephone charges was entered as a debit to Office Expense and a debit to Cash.
5.		The Service Revenue account was totaled at $5,240 instead of $5,320.

From this information prepare a corrected trial balance.

From this information prepare a corrected trial balance.

MONTY TRAVELER CORPORATION TRIAL BALANCE APRIL 30, 2017
	Debit	Credit
	$	$
Totals	$	$

there is 9 charts for the account name and tota for them