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Salmon Fisheries is owned by Luke Ashmore and provides fish products to the fishing Industry. At the end of May 2019, they had the following
Salmon Fisheries is owned by Luke Ashmore and provides fish products to the fishing Industry. At the end of May 2019, they had the following adjustments May 31 interest of $370 had accrued on the bank loan May 31 The balance of prepaid rent is for a 12-month late one month of rent has been used May 31 During May, Salmon Fisheries earned 5760 of uneared revenue May 31 The computers were purchased on May 1, 2019 and have an expected useful life of five years, after which they will have no residual value Record depreciation for May Required Using the following trial balance, complete the adjustments and the adjusted trial balance in the worlahet. Do not enter dollar signs commas in the input.boxet. May 31, 2019 Unadjusted Trial Balance Adjustments DR CR CR Adjusted Trial Balance DR CR Account DR Cash 4 100 Accounts Receivable 2.490 Prepaid Rent 16,800 Computers 14,400 Accumulated Depreciation Computers Accounts Payable 1,600 Interest Payable Uneamed Revenue 3,700 Bank Loan 3,810 Ashmore, Capital 25.460 Ashmore. Withdrawals 1,030 Service Revenue 4950 Depreciation Expense Rent Expense Interest Expense Insurance Expense 510 Telephone Expense 190 Total 39.520 39 520
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