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The following information applies to the questions displayed belowj Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After
The following information applies to the questions displayed belowj 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 Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Note payable (3 years, 10% interest due each December 31) Common stock (5,400 shares outstanding) Additional paid-in capital Retained earnings Service revenue Remaining expenses (not detailed; excludes income tax) Income tax expense Totals $ 47,200 10,900 460 780 17600 $ 8,800 9,860 2,210 15,000 1,946 17,514 4,500 70,000 33,170 $ 119,970 $ 119,970 Data not yet recorded at December 31 included a. b. c. d. e. The supplies count on December 31 reflected $150 in remaining supplies on hand to be used in the next year Insurance expired during the current year, $780 Depreciation expense for the current year, $3,600 Wages earned by employees not yet paid on December 3, $520 Income tax expense, $5,580
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