The unadjusted trial balance for Blue Spruce Corp. is shown below. Assets Liabilities + Accts. Rec. 0 Prepd. Insur. 552 Cash Bal 13,984 + Acc. Depr- Equip. 0 + Supplies + 2.300 + Notes Pay. 4,600 Equip 4.600 + Accts. Pay 2,300 Int. Pay. 0 Unearned Serv. Rev. 1,104 Assume the following adjustment data. 1. 2. 3. 4. Supplies on hand at October 31 total $460. Expired insurance for the month is $92. Depreciation for the month is $72. As of October 31, services worth $736 related to the previously recorded unearned revenue had been performed. Services performed but unbilled (and no receivable has been recorded) at October 31 are $260. Interest expense accrued at October 31 is $62. Accrued salaries at October 31 are $1.288. 5. 6. 7 Prepare a tabular summary to record adjustments for the items above using the summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular AL Prepare a tabular summary to record adjustments for the items above using the summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash Accts. Rec. Supplies Prepd. Insur Bal. 13,984 0 2,300 552 2 3. I 5. 6. 7 Adi Bal. Given the following adjusted tabular summary amounts: $823 1053 1625 47 190 20 Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense 46 56 195 3340 176 30 90 35 Net income for the year is: $278 $176 $81 $206. View Policies Current Attempt in Progress Paul purchased merchandise on account on April 5 for $5,304. On April 7, Brandon paid $52 of freight charges for the goods purchased on April 5. On April 8, Paul returned goods purchased on April 5 for $104. Include margin explanations for the changes in revenues and expenses. Use a tabular summary to record these transactions. (Enter negative amounts using either a negative sign preceding the number eg, -45 or parentheses es. (45).) Assets Liabilities Date Cash Inventory Accounts Payable Commc Stock Apr 5 $ $ 7 8 Assets Liabilities + Accts. Rec 0 + Cash Bal 13,984 Prepd. Insur. 552 + Acc. Depr.: Equip. 0 Supplies 2,300 + Notes Pay. 4,600 Equip. 4,600 Accts. Pay. 2,300 + Int. Pay. 0 Unearned Serv. Rev. 1,104 Assume the following adjustment data, 1. Supplies on hand at October 31 total $460. Expired insurance for the month is $92. Depreciation for the month is $72. As of October 31, services worth $736 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $260 6. Interest expense accrued at October 31 is $62. 7 Accrued salaries at October 31 are $1,288 2. 3. 4. Prepare a tabular summary to record adjustments for the items above using the summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Accts, Rec Prepd. Insur. Cash Supplies Bal 13.984 2,300 552 1 2 Prepare a tabular summary to record adjustments for the items above using the summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash Accts. Rec. Supplies Prepd. Insur. Bal 13,984 2.300 552 H 2 3. 4. 5. 6. 7 Adi. Bal. 6. 7. Interest expense accrued at October 31 is $62. Accrued salaries at October 31 are $1,288. Prepare a tabular summary to record adjustments for the items above using the summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Equip Acc. Depro Equip. Accts. Notes Pay Pay. 4,600 0 4,600 2.300 6. 7. Interest expense accrued at October 31 is $62. Accrued salaries at October 31 are $1,288. Prepare a tabular summary to record adjustments for the items above using the summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Liabilities Int. Pay. Unearned Serv. Rev. Sal & Wages Pay. Com. Stock 0 1,104 0 9.200 erest expense accrued at October 31 is $62. crued salaries at October 31 are $1,288. abular summary to record adjustments for the items above using the summary that follows. (If a transaction results in a Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular ty or Equity item that was reduced.) Stockholders' Equity Retained Earnings Exp. 9,200 -4,508 Rev. Div -460 > >