Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The unadjusted trial balance for Bramble Corp. is shown below. Bramble Corporation Trial Balance October 31, 2025 Debit Credit Cash $15,540 Supplies 2,570 Prepaid

image text in transcribedimage text in transcribed

The unadjusted trial balance for Bramble Corp. is shown below. Bramble Corporation Trial Balance October 31, 2025 Debit Credit Cash $15,540 Supplies 2,570 Prepaid Insurance 690 Equipment 4,690 Notes Payable $4,690 Accounts Payable 2,760 Unearned Service Revenue 1,410 Common Stock 10,200 Retained Earnings 0 Dividends 580 Service Revenue 10,100 Salaries and Wages Expense 4,000 Rent Expense 1,090 820.160 $20.150 Rent Expense 1,090 $29,160 $29,160 Assume the following adjustment data. 1. Supplies on hand at October 31 total $560. 2. Expired insurance for the month is $115. 3. 4. Depreciation for the month is $55. As of October 31, services worth $870 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 $300. 6. Interest expense accrued at October 31 is $80. 7. Accrued salaries at October 31 are $1,610. Prepare the adjusting entries for the items above. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date: Account Titles and Explanation 1. Oct. 31 Debit Credit

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

14th Edition

978-0132960649, 132960648, 132109174, 978-0132109178

More Books

Students also viewed these Accounting questions

Question

4. What should individual development plans include?

Answered: 1 week ago