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The following is the Bravo Unlimited unadjusted Trial Balance. Bravo Unlimited Unadjusted Trial Balance December 31, 2016 Account Title Debit Credit Cash $88,450 Accounts Receivable
The following is the Bravo Unlimited unadjusted Trial Balance. Bravo Unlimited Unadjusted Trial Balance December 31, 2016 Account Title Debit Credit Cash $88,450 Accounts Receivable 331,860 Supplies 7.255 Prepaid Rent 16,000 Equipment 295,285 Accumulated Depreciation $224.260 Accounts Payable 78.555 Wages Payable Capital Stock 220.000 e Retained Earnings 111,145 Service Revenue 893,105 Interest Income 1,500 Rent Expense 60,500 Wages Expense 527,260 Supplies Expense 42,520 Utilities Expense 8,595 Depreciation Expense 144,000 Interest Expense 6,840 Totals $1,528,565 $1,528.565 Adjusting Items: 1. The prepaid rent covers December 2016 thru March 2017 rents. 2. December depreciation on equipment is $14.500 per month. 3. At year end Wages of $15.000 were earned but unpaid. Bravo prepares monthly adjusting entries. Use this information to determine the adjusted account balances for the following: 1. Cash 2. Prepaid Rent 3. Equipment 4. Accumulated Depreciation 5. Wages Payable 6. Rent Expense 7. Wages Expense 8. Depreciation Expense |
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