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Question 2 (40 points) Yellow Service Company has the following unadjusted balances at year-end. Adjusted Trial Bal. Debit Credit Cash YELLOW Service Company TRIAL BALANCE
Question 2 (40 points) Yellow Service Company has the following unadjusted balances at year-end. Adjusted Trial Bal. Debit Credit Cash YELLOW Service Company TRIAL BALANCE Dec., 31, 2018 Unadjusted Trial Bal. Accounts Debit Credit TL 51.600 Account Receivable Prepaid Insurance 8.000 Supplies Equipment Accumulated depreciation-Equipment Accounts payable 1 1.600 5.200 42.000 14.000 Salaries payable Capital, Yellow Unearned service revenue 18,000 61.000 Withdrawals 22.400 39.400 Service revenue 14.800 Salary expense Depreciation expense Insurance expense Supplies expense TOTAL TL 144.000 TL 144.000 The following information is available to use in making adjusting entries. a. Office supplies on hand at year-end, TL 3.200, b. Prepaid insurance expired during the year, TL 1.500. c. Uneared service revenue still uneared, TL 4.000. d. Depreciation expense for the year, TL 5.600. e. Accrued salaries at year-end, TL 2.900, f. Revenues earned but not billed totaled TL 15.500. Requirement: a) Please make the adjusting entries (5 points each) b) Prepare the Adjusted trial balance to the table above (10 points) LEDGER (T-ACCOUNTS) ADJUSTING JOURNAL ENTRIES
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