Question
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
231,860
Supplies
6,255
Prepaid Rent
11,000
Equipment
395,285
Accumulated Depreciation
$224,260
Accounts Payable
72,555
Wages Payable
0
Capital Stock
220,000
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
$1,522,565
$1,522,565
Adjusting Items:
1. A physical inventory shows supplies on hand of $3,000 at year end.
2. The prepaid rent covers December 2016 thru March 2017 rents.
3. December depreciation on equipment is $11,000 per month.
4. At year end Wages of $10,000 were earned but unpaid.
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