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Rehearse Relations has the following UN-ADJUSTED balances for the year ended December 31, 2021. Cash $ 13,000 Prepaid insurance 2,000 Office supplies 1,300 Office equipment
Rehearse Relations has the following UN-ADJUSTED balances for the year ended December 31, 2021. Cash $ 13,000 Prepaid insurance 2,000 Office supplies 1,300 Office equipment 10,500 Accumulated depreciation-office equipment 3,500 Accounts payable 3,000 Salaries payable Unearned service revenue 4,500 Capital 11,750 Withdrawals 5,600 Service revenue 13,350 Salary expense 3,700 Depreciation expense Supplies expense Insurance expense Required: Based on the adjustment information listed below, journalize the adjusting entries below. Post adjusting entries to the T-Accounts, and prepare the Adjusted Trial Balance. a. Office supplies still on hand: $300 b. Prepaid insurance expired: $325 c. Unearned revenue remaining: $2,000 d. Depreciation expense: $300 e. Each Friday employees are paid for the current week's work. The amount of the weekly payroll is $1,500 for a five-day week, Monday through Friday. December 31 was on Wednesday
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