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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
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: Account Titles Debit Credit $ 46,800 11,800 560 700 17,200 Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreclation Other assets Accounts payable Wages payable Income taxes payable Note payable (3 years, 10% interest due each December 31 Common stock (4,700 shares outstanding) Additional pald-in capital Retained earnings Service revenue Remaining expenses (not detailed; excludes income tax) Income tax expense Totals $8,700 8,960 2,340 16,000 1,856 16,704 5,500 68,100 33,180 $ 119,200 $119,200 Data not yet recorded at December 31 included a. The supplies count on December 31 reflected $190 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $700 c. Depreciation expense for the current year, $3,500. d. Wages eamed by employees not yet paid on December 3, $700. e. Income tax expense, $5,780
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