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The December 31, 2020, unadjusted trial balance for Musical Sensations after its second year of operations follows: MUSICAL SENSATIONS Work Sheet December 31, 2020 Account
The December 31, 2020, unadjusted trial balance for Musical Sensations after its second year of operations follows: MUSICAL SENSATIONS Work Sheet December 31, 2020 Account Cash Accounts receivable Office supplies Musical equipment Accumulated depreciation, musical equipment Accounts payable Unearned performance revenue Jin Daley, capital Jin Daley, withdrawals Performance revenue Salaries expense Travelling expense Totals Unadjusted Trial Balance Debit Credit $ 7,600 14,300 800 126,000 $ 21,700 4,300 12,500 155, 410 52,100 139,000 87,000 45, 110 $332,910 $332,910 Following are the additional information: a. A review of the Unearned Performance Revenue account revealed a balance remaining of $9,275. b. Annual depreciation on the musical equipment is $21.700 c. Accrued salaries at December 31 totalled $6,200. d. It was determined that $655 of the balance in the Office Supplies account had been used. Required: 1-3. Use the above information to complete the work sheet
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