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The unadjusted trial balance for Monty Corp. is shown below. MONTY CORP. Trial Balance October 31, 2017 Debit Credit Cash $15,330 Supplies 2,750 Prepaid Insurance

The unadjusted trial balance for Monty Corp. is shown below.

MONTY CORP. Trial Balance October 31, 2017

Debit Credit
Cash $15,330
Supplies 2,750
Prepaid Insurance 750
Equipment 4,760
Notes Payable $4,760
Accounts Payable 2,300
Unearned Service Revenue 1,720
Common Stock 11,510
Retained Earnings 0
Dividends 540
Service Revenue 13,360
Salaries and Wages Expense 4,000
Rent Expense 5,520

$33,650

$33,650

Assume the following adjustment data.

1. Supplies on hand at October 31 total $690.
2. Expired insurance for the month is $125.
3. Depreciation for the month is $60.
4. As of October 31, services worth $930 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 $85.
7. Accrued salaries at October 31 are $1,570.

Prepare the adjusting entries for the items above. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

image text in transcribed

Account Titles and Explanation Debit Credit No. Date Oct. 31 1. 2. Oct. 31 Oct. 31 3. 4. Oct. 31 5. Oct. 31 6. Oct. 31 Oct. 31 7

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