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The trial balance for Pioneer Advertising is shown below. Carla Vista Advertising Trial Balance October 31, 2017 Debit Credit Cash $16,000 Supplies 3,000 Prepaid Insurance
The trial balance for Pioneer Advertising is shown below.
Carla Vista Advertising Trial Balance October 31, 2017 | |||
---|---|---|---|
Debit | Credit | ||
Cash | $16,000 | ||
Supplies | 3,000 | ||
Prepaid Insurance | 600 | ||
Equipment | 4,000 | ||
Notes Payable | $4,100 | ||
Accounts Payable | 2,500 | ||
Unearned Service Revenue | 1,100 | ||
Owners Capital | 11,600 | ||
Owners Drawings | 700 | ||
Service Revenue | 10,200 | ||
Salaries and Wages Expense | 4,300 | ||
Rent Expense | 900 | ||
$29,500 | $29,500 |
Assume the following adjustment data.
1. | Supplies on hand at October 31 total $500. | |
2. | Expired insurance for the month is $300. | |
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 accrued at October 31 is $80. | |
7. | Accrued salaries at October 31 are $1,100. |
Prepare the adjusting entries for the items above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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