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[The following information applies to the questions displayed elow Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After
[The following information applies to the questions displayed elow 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 $ 46,500 11,000 500 670 7,800 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 (5,400 shares outstanding) Additional paid-in capital Retained earnings Service revenue Remaining expenses (not detailed; excludes income tax) Income tax expense Totals S 9,500 10,260 2,260 11,000 1,876 16,884 5,300 73,220 33,310 $ 120,040 $ 120,040 Data not yet recorded at December 31 included: a. The supplies count on December 31 reflected $230 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $670. c. Depreciation expense for the current year, $3,600. d. Wages earned by employees not yet paid on December 3, $710. e. Income tax expense, $4,980
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