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Required Information [The following Information applies to the questions displayed below.] Tunstall, Inc., a small service company, keeps its records without the help of an
Required Information [The following Information applies to the questions displayed below.] Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Account Titles Other assets Accounts payable Wages payable Income taxes payable Note payable (3 years; 10% interest due each December 31) Common stock (5,700 shares outstanding) Additional paid-in capital Retained earnings Service revenue Remaining expenses (not detailed; excludes income tax) Income tax expense Totals Debit Credit $ 46,900 11,100 550 610 17,500 $ 8,800 10,960 2,340 14,000 1,956 17,604 4,700 71,490 33,270 $ 120,890 $ 120,890 Data not yet recorded at December 31 Included: a. The supplies count on December 31 reflected $150 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $610. c. Depreciation expense for the current year, $3,700. d. Wages earned by employees not yet paid on December 3, $520. e. Income tax expense, $5,680. Required: 1. Record the adjusting entries. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 Record the cost of supplies used during the year. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal >
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