Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The trial balance for Pioneer Advertising is shown below Trial Balance October 31, 2017 Credit $16,000 2,300 600 5,800 Prepaid Insurance Equipment Notes Payable Accounts

image text in transcribed
image text in transcribed
The trial balance for Pioneer Advertising is shown below Trial Balance October 31, 2017 Credit $16,000 2,300 600 5,800 Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue $4,300 2,500 1,500 9,900 Sts Owner's Capital Owner's Drawings 700 Service Revenue 11.500 Salaries and Wages Expense Rent Expense 3,400 900 $29,700 529,700 Assume the following adjustment data 1 Supplies on hand at October 31 total $400 2. Expired insurance for the month is $300 3. Depreciation for the month is $70 4. Services related to unearned service revenue in October worth $700 were performed S. Services performed but not recorded at October 31 are $400 6. Interest accrued at October 31 is $70. 7. Accrued salaries at October 31 are $1,000 Prepare the adjusting entries for the items above. (Credit acco unt titles are automatically indented when the amount is entered. Do Date Account Titles and Explanaticn Debit Creht 1. Oct. 31 2. Oct. 31 Oct.31

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mis And Edp Auditing For Accountants And Auditors

Authors: Srv

1st Edition

9993730351, 978-9993730354

More Books

Students also viewed these Accounting questions