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The unadjusted trial balance for Monty Corp. is shown below. Assets Liabilities Stoc Accts. Cash + Rec Bal. 15,3300 Supplies 2,750 Prepd. Insur. 750 ACC.
The unadjusted trial balance for Monty Corp. is shown below. Assets Liabilities Stoc Accts. Cash + Rec Bal. 15,3300 Supplies 2,750 Prepd. Insur. 750 ACC. Depr. Notes Equip. Equip. - Pay. 4,7600 4,760 Accts. Int. Pay. Pay. 2,3000 Unearned Serv. Rev. + 1,720 Sal. & Wages Com. Pay. + Stock 0 11,510 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. The unadjusted trial balance for Monty Corp. is shown below. Assets Liabilities Stockholders' Equity Sal. & Reatined Earnings ACC. Depr. Equip. Notes Pay Accts. P ay. Int. Pay. Unearned Serv. Rev. Wages Pay. Com Stock Rev. Exp. Div Supplies 2,750 Prepd. Insur. 750 Equip. 4,760 0 4,760 2,300 0 1,720 0 11,510 13,360 -9,520 -540 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 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 Accts. Rec. Prepd. Insur. Cash Supplies Equip 15,330 2.750 - + 6N Ball 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. Acc. Depr. Equip Accts. Pay. Equip. Notes Pay. Pay. 4760 4,760 2.300 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, Llability or Equity item that was reduced.) Liabilities Stockholders Int. Unearned Serv. Rev. Sal. & Wages Pay Com. Stock Pay. Rev. 1,720 11,510 13,360 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.) Stockholders' Equity Retained Earnings Com Stock Rev. Exp. Div 11,510 13,360 -9,520 -540
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