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Sorry! let me know if this is better! Principles of Accounting! Your Name: Date Score Points Tutor Chapter 3 (part 3 of 4) Submitted Initials
Sorry! let me know if this is better! Principles of Accounting! Your Name: Date Score Points Tutor Chapter 3 (part 3 of 4) Submitted Initials Written Cycle Project Instructor: Version 10 Instructions: Below is the unadjusted trial balance for Able Advertising Inc. Record the adjusting entries in the General Journal. Then post your adjusting entries in the t-accounts provided and prepare an adjusted trial balance. All Advertising in General Journal Teal Balance Data Account PR Debit Credit August 31, 20xx Cash $19000 Accounts Receivable 2000 Prepaid Insurance 750 Advertising Supplies 2000 Equipment 5000 Accounts Payable $1000 Uneamed Revenue 8000 Notes Payable 3000 Common Stock 10000 Dvdends 2000 Advertising Revenue 10000 Usity Expense 650 Total $32000 $32000 The depreciation on equipment for the month of August is $125 . The company has completed 53000 of the work for which you were prepad on 825 . An inventory of advertising supplies reveals that $700 remain unused . One month of the 3-month insurance policy purchased has erpired (been used) . One month of interest on the notes payable 530 . The company has performed 1500 of advertising Services for a customer who has not been billed yet The company has used $100 of phone and internet services for which no bill has been received Cash Accounts Receivable $2000 Prepaid Insurance $750 519600 Advertising Supplies $2000 Equipment 55000 Accounts Payable $1000 Uneared Revenue $8000 Notes Payable $3000 Common Stock $10000 Retained Earnings $0 Dividends Advertising Revenue $10000 Utility Expense 5050 $2000 Date Principles of Accounting 1 Your Name: Score Points Tutor Chapter 3 (part 3 of 4) Submitted Initials Written Cycle Project Instructor: Version 10 Instructions: Below is the unadjusted trial balance for Able Advertising Inc. Record the adjusting entries in the General Journal. Then post your adjusting entries in the t-accounts provided and prepare an adjusted trial balance, General Joumal Able Advertising Inc Trial Balance August 31, 20XX Dato Account Credi PR Debit 12.5 - Acade Deported 12 $19000 2000 750 2000 5000 Cash Accounts Receivable Prepaid Insurance Advertising Supplies Equipment Accounts Payable Unearned Revenue Notes Payable Common Stock Dividends Advertising Revenue Utility Expense Totals $1000 8000 3000 10000 2000 10000 650 $32000 $32000 The depreciation on equipment for the month of August is $125 The company has completed $3000 of the work for which you were prepaid on 8/25 . An inventory of advertising supplies reveals that $700 remain unused . One month of the 3-month insurance policy purchased has expired (been used). . One month of interest on the notes payable is $30. . The company has performed $1500 of advertising Services for a customer who has not been billed yet. The company has used $100 of phone and internet Services for which no bill has been received Cash Accounts Receivable $2000 Prepaid Insurance $750 $19600 Advertising Supplies S2000 Equipment 35000 Accounts Payable Unearned Revenue 58000 Notes Payable $3000 $1000 Common Stock $70000 Retained Earnings 50 Dividends Advertising Revenue $10000 Ulity Expense $650 $2000
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