Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The trial balance for Sunland Advertising is shown below. Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The trial balance for Sunland Advertising is shown below. Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense 4,000 Rent Expense $4,800 2,400 1,000 9,700 600 11,000 $28,900800$28,900 Assume the following adjustment data. 1. Supplies on hand at October 31 total $600. 2. Expired insurance for the month is $160. 3. Depreciation for the month is $90. 4. Services related to unearned service revenue in October worth $800 were performed. 5. Services performed but not recorded at October 31 are $200. 6. Interest to be accrued at October 31 is $80. 7. Salaries to be accrued at October 31 are $1,300. No. Date Account Titles and Explanation Debit Credit 1. Oct, 31 2. Oct. 31 3. Oct. 31 4. Ort.31 4. UCt.S1 5. Oct. 31 6. Oct 31 7. Oct.31 The trial balance for Sunland Advertising is shown below. Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense 4,000 Rent Expense $4,800 2,400 1,000 9,700 600 11,000 $28,900800$28,900 Assume the following adjustment data. 1. Supplies on hand at October 31 total $600. 2. Expired insurance for the month is $160. 3. Depreciation for the month is $90. 4. Services related to unearned service revenue in October worth $800 were performed. 5. Services performed but not recorded at October 31 are $200. 6. Interest to be accrued at October 31 is $80. 7. Salaries to be accrued at October 31 are $1,300. No. Date Account Titles and Explanation Debit Credit 1. Oct, 31 2. Oct. 31 3. Oct. 31 4. Ort.31 4. UCt.S1 5. Oct. 31 6. Oct 31 7. 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_2

Step: 3

blur-text-image_3

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

Financial Accounting An Introduction To Concepts Methods And Uses

Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney

2nd Edition

0030452961, 978-0030452963

More Books

Students also viewed these Accounting questions

Question

Explain the causes of indiscipline.

Answered: 1 week ago

Question

Explain the factors influencing wage and salary administration.

Answered: 1 week ago

Question

Explain how SIHRM is linked to different global business strategies

Answered: 1 week ago