The Signage Company specializes in the maintenance and repair of signs, such as billboards. On March 31, 2016 the accountant for The Signage Company prepared an unadjusted trial balance and an adjusted trial balance.

The Signage Company

UNADJUSTED TRIAL BALANCE

March 31, 2016

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	4,750.00
2	Accounts Receivable	17,400.00
3	Supplies	6,200.00
4	Prepaid Insurance	9,000.00
5	Land	100,000.00
6	Buildings	170,000.00
7	Accumulated Depreciation-Buildings		51,500.00
8	Trucks	75,000.00
9	Accumulated Depreciation-Trucks		12,000.00
10	Accounts Payable		6,920.00
11	Salaries Payable
12	Unearned Service Fees		10,500.00
13	Al Bosch, Capital		256,400.00
14	Al Bosch, Drawing	7,500.00
15	Service Fees Earned		162,680.00
16	Salaries Expense	80,000.00
17	Depreciation Expense-Trucks
18	Rent Expense	11,900.00
19	Supplies Expense
20	Utilities Expense	6,200.00
21	Depreciation Expense-Buildings
22	Taxes Expense	2,900.00
23	Insurance Expense
24	Miscellaneous Expense	9,150.00
25	Totals	500,000.00	500,000.00

Compare the unadjusted trial balance to the adjusted trial balance. Journalize the seven entries that adjusted the accounts at March 31. None of the accounts were affected by more than one adjusting entry. Refer to the Chart of Accounts for exact wording of account titles.

Adjusted Trial Balance

The Signage Company

ADJUSTED TRIAL BALANCE

March 31, 2016

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	4,750.00
2	Accounts Receivable	17,400.00
3	Supplies	2,175.00
4	Prepaid Insurance	1,150.00
5	Land	100,000.00
6	Buildings	170,000.00
7	Accumulated Depreciation-Buildings		61,000.00
8	Trucks	75,000.00
9	Accumulated Depreciation-Trucks		17,000.00
10	Accounts Payable		8,750.00
11	Salaries Payable		1,400.00
12	Unearned Service Fees		3,850.00
13	Al Bosch, Capital		256,400.00
14	Al Bosch, Drawing	7,500.00
15	Service Fees Earned		169,330.00
16	Salaries Expense	81,400.00
17	Depreciation Expense-Trucks	5,000.00
18	Rent Expense	11,900.00
19	Supplies Expense	4,025.00
20	Utilities Expense	8,030.00
21	Depreciation Expense-Buildings	9,500.00
22	Taxes Expense	2,900.00
23	Insurance Expense	7,850.00
24	Miscellaneous Expense	9,150.00
25	Totals	517,730.00	517,730.00

Chart of Accounts

CHART OF ACCOUNTS

The Signage Company

General Ledger

	ASSETS
11	Cash
12	Accounts Receivable
13	Supplies
14	Prepaid Insurance
16	Land
17	Buildings
18	Accumulated Depreciation-Buildings
19	Trucks
20	Accumulated Depreciation-Trucks

	LIABILITIES
21	Accounts Payable
22	Salaries Payable
23	Unearned Service Fees

	EQUITY
31	Al Bosch, Capital
32	Al Bosch, Drawing

	REVENUE
41	Service Fees Earned

	EXPENSES
51	Salaries Expense
52	Depreciation Expense-Trucks
53	Rent Expense
54	Supplies Expense
55	Utilities Expense
56	Depreciation Expense-Buildings
57	Taxes Expense
58	Insurance Expense
59	Miscellaneous Expense