Question
the trial balance for Pioneer Advertising Inc. is shown below. Pioneer Advertising Inc. Trial Balance October 31, 2022 Debit Credit Cash $15,200 Supplies 2,500 Prepaid
the trial balance for Pioneer Advertising Inc. is shown below.
Pioneer Advertising Inc. Trial Balance October 31, 2022 | |||
---|---|---|---|
Debit | Credit | ||
Cash | $15,200 | ||
Supplies | 2,500 | ||
Prepaid Insurance | 600 | ||
Equipment | 5,000 | ||
Notes Payable | $5,000 | ||
Accounts Payable | 2,500 | ||
Unearned Service Revenue | 1,200 | ||
Common Stock | 10,000 | ||
Retained Earnings | 0 | ||
Dividends | 500 | ||
Service Revenue | 10,000 | ||
Salaries and Wages Expense | 4,000 | ||
Rent Expense | 900 | ||
$28,700 | $28,700 |
Assume the following adjustment data.
1. | Supplies on hand at October 31 total $500. | |
2. | Expired insurance for the month is $100. | |
3. | Depreciation for the month is $50. | |
4. | Services related to unearned service revenue in October worth $600 were performed. | |
5. | Services performed but not recorded at October 31 are $300. | |
6. | Interest to be accrued at October 31 is $95. | |
7. | Salaries to be accrued at October 31 are $1,625. |
Prepare the adjusting entries for the items above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
No. | Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|---|
1. | Oct. 31 | Enter an account title for the adjusting entry on October 31 | Enter a debit amount | Enter a credit amount |
Enter an account title for the adjusting entry on October 31 | Enter a debit amount | Enter a credit amount | ||
2. | Oct. 31 | Enter an account title for the adjusting entry on October 31 | Enter a debit amount | Enter a credit amount |
Enter an account title for the adjusting entry on October 31 | Enter a debit amount | Enter a credit amount | ||
3. | Oct. 31 | Enter an account title for the adjusting entry on October 31 | Enter a debit amount | Enter a credit amount |
Enter an account title for the adjusting entry on October 31 | Enter a debit amount | Enter a credit amount | ||
4. | Oct. 31 | Enter an account title for the adjusting entry on October 31 | Enter a debit amount | Enter a credit amount |
Enter an account title for the adjusting entry on October 31 | Enter a debit amount | Enter a credit amount | ||
5. | Oct. 31 | Enter an account title for the adjusting entry on October 31 | Enter a debit amount | Enter a credit amount |
Enter an account title for the adjusting entry on October 31 | Enter a debit amount | Enter a credit amount | ||
6. | Oct. 31 | Enter an account title for the adjusting entry on October 31 | Enter a debit amount | Enter a credit amount |
Enter an account title for the adjusting entry on October 31 | Enter a debit amount | Enter a credit amount | ||
7. | Oct. 31 | Enter an account title for the adjusting entry on October 31 | Enter a debit amount | Enter a credit amount |
Enter an account title for the adjusting entry on October 31 |
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